Japan's Rakuten invests in Berlin 'InsurTech' company Simplesurance, taking funding to €30 million

LONDON — Japanese e-commerce giant Rakuten has invested in Berlin-based "InsurTech" — insurance technology — company Simplesurance, amid a flurry of interest in the sector. Simplesurance announced on Thursday that Rakuten had invested in the business through its $100 million (£81.9 million) fintech fund, set up in 2015.