Posted 24 Feb. 2022 at 12:55Updated 24 Feb. 2022 at 01:13 PM
Electricity, gas, mobile plan, internet box, home insurance, streaming platforms, gym… We quickly accumulate subscriptions and not always with the most competitive offer. But for lack of time or fear of embarking on tedious procedures, we sometimes prefer to postpone the termination of these services. Even if it means spending money unnecessarily every month…
Start-ups have decided to remedy the problem, by taking care of the paperwork for you. Among them, Cherpas, launched in Rennes in 2019. It analyzes your energy and/or telecommunications subscriptions and intends to find the offer best suited to your needs.
To do this, the consumer uploads a bill (electricity for example) on the company’s platform. An algorithm then analyzes its consumption and expenditure and compares it to the offers of competing suppliers.
For Bertrand Jermann, co-founder of the start-up, this service meets “a real need”. Typically, on electricity: “The price of the kilowatt hour is much more difficult for a consumer to understand than that of gasoline”, he believes. The company’s offer makes it possible, he says, to save time for the consumer who no longer has to study the offers of “dozens of suppliers with very different contractual terms: peak/off-peak offers, regulated tariff, fixed or indexed price on the markets…”
Home, auto, borrower insurance…
The young Breton shoot would like to offer the same service for insurance within a year. It is in this segment that Balio has developed expertise. Born in 2019, this start-up incubated by the insurance giant Allianz optimizes your energy, telecommunications and insurance subscriptions.
In particular, it directs its users to home, auto, motorcycle, borrower, health insurance, etc. “These contracts are complex to decipher, each insurer having its own language, analyzes Rodolfo Contreras, co-founder of Balio. As a result, we sometimes have surprises when a disaster occurs and we learn that the insurance does not cover this or that. » To avoid disappointment, the user specifies his needs: mutual insurance that reimburses orthodontics well or car insurance that includes assistance in the event of a breakdown, for example. By combining the algorithm and the expertise of its advisors, Balio promises to flush out the most relevant offer.
Carry out administrative procedures
If these companies find an offer you want to join, they take care of everything from canceling your subscription to signing up for the new one. “Some operators have put up exit barriers, such as sending registered mail, to discourage their subscribers from leaving. Our goal is to relieve the consumer of these tasks.explains Edouard Alexandre, co-founder of Ideel.
Created in 2019, this Parisian start-up positioned in energy, telecommunications and insurance, ensures that 75,000 users have already changed their subscription through it.
A long-term watch
Like Ideel, the Nantes start-up Origame allows you to centralize your subscriptions on the same platform, to have an overview of your finances and unsubscribe in one click.
Another interest of these start-ups: long-term monitoring. Once you have entered your subscriptions on their platform, they notify you if one of your operators announces a price increase or if they see a more interesting offer than the one they had offered you six months earlier.
The user does not pay any costs. To get paid, these start-ups take a commission from the operators when they bring them a new client. They claim to favor the most interesting offer for the consumer, not the one that will bring them the most. On the user side, using these companies does not affect the price of subscriptions.
These start-ups plan to expand their services to continue lowering bills. Ideel, for example, is growing on streaming, gym memberships, entertainment, press, and banking fees.