Alternative asset investing is on the rise 🚀; Coinbase is severely undervalued. Here’s why 💸; InsurTech isn’t dead! 😎

Good Morning FinTech, March 16

Good day Everyone,

And happy Wednesday! I hope you’re enjoying your week as much as I do. To make it even better, here’s a mix of 3 super awesome FinTech stories that I’ve prepared for you today. To be honest, today’s issue is undoubtedly the best one this week. Check it out yourselves:

Alternative asset investing is on the rise 🚀

The news 🗞 Konvi, Germany-based pan-European crowd-investment platform for alternative asset classes, raised $900,000 in Pre-Seed funding.

The round was led by APX, and angel investors such as Claire Valoti (Director EMEA, Snap Inc), Christoph Roettele (former CEO, Check24), among others.

The USP 🥊 Founded in 2020 by Ioana Surdu-Bob, Lena Sonnen, and Eran Peer, Konvi is a pan-European crowd-investment platform for alternative asset classes. The main focus is on acquiring and selling assets at the best prices through partners to allow users to benefit from potential value appreciation.

Konvi’s business model allows every small investor to diversify their financial portfolio with alternative assets such as rare watches, fine wines, or whiskey and, thus, to protect themselves from market volatility. Besides these, the team is planning to expand investment opportunities in other asset classes such as arts, collectible cars, handbags, and NFTs.

Biz model 👀 Konvi says that investors, who can start investing with as little as €250, are looking to invest in alternative assets in light of the current volatility of financial markets.

Konvi takes a 1% fee on those investing between €250 and €999, but no fee on those investing higher amounts.

Could this be the next big thing in FinTech? Here’s the takeaway: