WechselGott is a fully automated contract manager, that analyses their customer’s bank account transaction history in order to identify existing contracts. Contracts such as energy and low-budget insurance contracts are automatically changed whenever better conditions can be found, while also giving customers a holistic overview of their financial situation.
Within minutes the WechselGott app gets the user where he can see all his finances and contracts in one place. And with PSD2 on the horizon, they can aggregate all accounts. Their algorithm screens bank transaction data, locates all optimizable contracts, cancels them and signs the user up for better ones without losing any conditions. And this is all done fully automatically. The only thing needed is a Bank Account details and a smartphone.
The fully automatic change service for electricity and gas contracts is expected to start at the end of October beginning of November 2019. In the upcoming months, the ambitious startup will continuously expand their portfolio to include further contract types and insurance policies.
The winner of the ‘Transformative Impact Award’ hopes to bring more financial and insurance literacy to a younger audience where ease is always the biggest priority. The startup joined this year's InsurTech Hub Munich Accelerator. The InsurTech Hub Munich is an entrepreneurial platform that attracts, inspires and organizes key players and disruptors across industries and technologies to collaborate on groundbreaking, innovative insurance products and services, revolutionizing the future of Insurance.
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