Fellow Finance and AXA Partners have started co-operation to offer Fellow Finance's Finnish customers a comprehensive and affordable payment protection insurance for unforeseen life situations. The voluntary insurance facilitates repayment of the loan in case of unemployment, disability (sick leave) or death.
"We want to offer our customers the best loan, savings and investment products in the market. Therefore, AXA Payment Protection Insurance is an excellent value-added service for our loan applicants by enhancing their financial security as well as for our investors by reducing the credit risk of their insured loans", says Jouni Hintikka, CEO of Fellow Finance.
"We are very excited about the cooperation with Fellow Finance. Our partnership will provide additional value and financial protection to both the borrowers and the investors on Fellow Finance’s innovative peer-to-peer platform. The cooperation reinforces AXA Partners position as the leading provider of financial protection products in the Finnish market and we look forward to expand our cooperation with Fellow Finance into new markets as part of their growth plans”, says Lars von Sivers Lindmark, Regional Director Nordics at AXA Partners.
The payment protection insurance is granted by AXA (Financial Insurance Company Limited and Financial Assurance Company Limited Finland Branches). Fellow Finance is registered with the Insurance Intermediation Register maintained by The Finnish Financial Supervisory Authority.
For more information:
Jouni Hintikka, CEO, Fellow Finance Plc, Tel. +358 40 5855 009, jouni.hintikka (at) fellowfinance.fi
Lars von Sivers Lindmark, Regional Director Nordics, AXA Partners, tel. +46 70 989 05 43, lars.lindmark(at)partners.axa
Fellow Finance - Crowdfunding for People and Businesses
Fellow Finance is the largest crowdfunding platform in the Northern Europe and the first one that offers both peer-to-peer-lending service to consumers and loan-based crowdfunding to companies. Fellow Finance has intermediated loans for over 177 million euros and the platform has 260.000 users from 43 countries. Read more www.fellowfinance.com
AXA Partners - Credit & Lifestyle Protection is part of the AXA Group, the world's leading insurance and financial management company. AXA has 165,000 employees and 107 million customers in 64 countries. In 2016, AXA's net sales amounted to EUR 100.2 billion and the operating profit was EUR 5.8 billion. Read more: www.axa.com