Co-accelerating

Berlin-based accelerator Axel Springer Plug and Play (think: part Axel Springer media company, part Saeed Amidi‘s Plug and Play) signed an exclusive with Deutsche Bank, where the latter will help select and finance emerging fintech and insurtech firms, as well as offer them access to its Innovation Labs and its Digital Factory in Frankfurt. The word on the street is that US insurers are shelling out between $200-$300K to enjoy the privilege of being a Plug and Play member. Tour de Silicon Valley included. Speaking of accelerators, Accelerator Frankfurt launched its program this week with one eye on insurtech.