Peppercorn AI Holdings secures £1.8 million Seed investment from EHE Capital
Summary
Peppercorn will combine technology and data to create an automated self-serve platform complete with an AI powered digital assistant. The idea is to cut out bureaucracy, streamline services, lower premiums and put the customer in control.Lombard explains: At Peppercorn, were looking to transform and improve the customerexperience. So, when we met Nigeland his team and learnt what theyre doing, we immediately got very excited.We had a lot of interest from our investor network in helping to accelerate the build and launch of Peppercorn and were looking forward to working with a brand we believe can really shake-up the motor insurance market. That fits in seamlessly with the FCAs increasing emphasis on delivering fairvalue and puts us in a great place to start trading.Peppercorns culture of people-focused innovation extends beyond its front-end services. As adigital company, its policy is remote-first working, and it offers home-working and wellbeingsupport, flexible hours and pooled holidays.If were going to challenge the status quo were going all in, says Nigel.