Dario Fazlic is a co-founder of wefox. In 2015 he started FinanceFox in Berlin with Julian Teicke and Fabian Wesemann. The app showed customers all their insurance policies in one place. Within two years it had more than 100,000 customers.
After winning permission to sell insurance products, the company rebranded as wefox in 2017. In 2018 it launched its own insurer under the One brand. It passed a €1 billion valuation in 2019.
In June 2021 wefox raised $650 million at a $3 billion valuation, led by Target Global. A $400 million Series D in 2022 put it at $4.5 billion. The group bought insurers and brokers across Europe and posted a loss of €141 million in 2023.
Teicke stepped down as CEO in March 2024. A 2024 round valued wefox at about €500 million, roughly 90% below the peak. It withdrew from the German market that year. In July 2025 it raised €151 million after restructuring.