Creation date :11 September 2013
Incubation date:May 2015 to July 2017 (Fluo)
Founders :Jehan de Castet
From Lesfurets.com to Fluo, an assuredly entrepreneurial path!
Founder of the insurance comparison site LesFurets.com, Jehan de Castet now runs Fluo. This startup is developing a mobile app to help consumers see more clearly when it comes to insurance contracts.
There are a thousand reasons to choose an entrepreneurial path, but for Jehan de Castet, all started with a simple observation: the need to solve consumer insurance problems and clarify insurance contracts. Based on this conviction, the founder first launched the company Courtanet in 2005. Today, it is better known by the name of its famous online service, LesFurets.com.
From B2B to B2C
At first, the startup published software tools designed for insurance brokers. The idea? To compare all the insurance companies on the marketplace and steer their clients towards the best-performing offer. But in practice, the B2B model turned out to be more complex than expected. So the team decided to enrich its offer by developing a website open to the general public: LesFurets.com, which triggered new competition between key market players, thereby guaranteeing visitors the best possible insurance offer. By the end of 2017, LesFurets.com had won 40% of market share, producing 3 million quotes annually.
From web to mobile
Noticing the massive use of smartphones, Jehan de Castet left the company in 2013 to launch Fluo. Downloaded by nearly 120,000 users, this application lets them not only get information before committing to an insurer, but also chase down unnecessary or redundant costs in their overall insurance budget. By analyzing their total insurance package – loan, car, travel, ski, health, home – Fluo helps users save several hundred Euros each year.
“Incubation was a way of surrounding ourselves with people who’d experienced similar adventures to ours. That’s exactly how we learned to reinforce our own project”, Jehan de Castet.
The pitch(Les Furets): Independent comparison of automobile, health, home and loan insurance services.
The pitch (Fluo): The mobile insurance expert helps users better understand insurance contracts prior to purchase and avoid paying more – or paying double - for unnecessary coverage.
In short – Les Furets
Number of employees: 3000 (BLG Group)
Funds raised: acquired by the English group BGL in 2012
In short - Fluo
Number of employees: 18
Funds raised : €3 million
Incubation Paris&Co: 2016
By Baptiste Roux dit Riche