Insurtech disruptor honcho launches final £300k crowdfunding investment raise
Summary
honcho – the Durham-based fintech startup taking on the insurance distribution market –have today announced the final stage of their 2019-2020 £2.25m capital investment raise. Critically for us, they have a track record in fintech and insurtech businesses including Revolut, Wrisk and Pluto amongst many others. We’re really excited to be bringing honcho to Seedrs as well.” In an insurance market dominated by price comparison sites, honcho asks its customers to choose insurance cover that matches their needs rather than simply choosing the cheapest policy irrespective of the protection it gives them. If you were buying a car, a TV or even some clothes, the chances are you’d have a set of things that you wanted in your purchase and you’d then try to find something that matched your needs, at the best possible price. We call it protection discovery, and we’re on a mission to get drivers across Britain to buy the insurance cover that is right for them, at the best possible price.” The honcho crowd raise on Seedrs launches on Monday July 13th 2020.