Wefox rescued from insolvency amid “profound” restructuring – Finextra
One-time insurance unicorn wefox has secured 25 million in fresh capital amid a brutal restructuring effort to keep the ailing business afloat. Over the past 18 months, wefox has undertaken a rigorous process to streamline its operations, focusing on shedding non-core assets and enhancing its core strengths. In May it warned investors that it may…