Allianz X Invests in Abracar

According to Gruenderszene, Allianz is investing $13.3M in Abracar, a German online used car site that connects buyers with sellers to enable a secure, transparent and trustful transaction.

Abracar takes care of the selling process starting with creating a professional expert’s report, over 50 pictures, writing an attractive listing, filtering potential buyers, negotiating the final price and preparing the contract. The car buyer benefits from the expert’s report, an Allianz warranty, and financing solutions.

For its service, Abracar collects a 4% fee of the selling price with a minimum payment of €399 and a maximum payment of €999.