Blockchain Startup Joins Allianz Backed FinTech Accelerator

Blockchain startup Everledger has joined a financial tech accelerator owned by insurance and financial services company Allianz.

AccessTimeIconDec 4, 2015 at 11:59 p.m. UTC
Updated Dec 11, 2022 at 1:52 p.m. UTC

Blockchain startup Everledger has joined a startup accelerator owned by insurance and financial services company Allianz France.

Announced on 3rd December, the class of six startups will move to workspace located at the Allianz Riviera stadium in Nice, France. Participants in the accelerator will have access to the firm’s network of advisors and investors, with Bpifrance and Idinvest Partners cited specifically. According to the program's website, the program will last for five months.

London-based Everledger uses a blockchain implementation as a diamond verification registry, which, as described by CEO Leanne Kemp in an August interview with CoinDesk, is akin to "putting bling on the blockchain".

Other startups involved in the class include Dreamquark, Finsquare, Qualisteo, Wever and Wicross. Allianz said that the selection process began in October and drew applications from more than 100 startups.

Everledger joins the Allianz accelerator months after a three-month stint with the Barclays Accelerator in London. That session was completed in June.

The addition of a new batch of startups to its financial tech accelerator comes amid a time of change for the Munich-based company.

Allianz Group, of which Allianz France is a subsidiary, recently announced a plan to shake up its business in a bid to boost productivity, according to ReutersAllianz, which reported €122bn in 2014 revenue, is seeking to shave productivity costs by as much as €1bn euros over the next three years.

Everledger did not respond to a request for comment. A representative for Allianz was not immediately available when reached.

Image via Shutterstock


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.