The Swiss insurer is buying a stake in a German firm specialized in back-office services.
Basel-based Baloise is acquiring a minority stake in Kuno, a Berlin-based start-up which offers solutions for financing, payroll, and human resources processes to small- and mid-sized firms as well as other start-ups, the insurer said in a statement on Tuesday. Neither disclosed financial specifics of the deal.
In Kuno, Baloise is expanding its ecosystem around «home» and «mobility,» two key topics for the Swiss insurer. Founded this past January, Kuno will help Baloise to better support the companies within its ecosystems by adding to the service offering, it said.
