UK insurtech Bequest secures £1.7M to simplify wills and life insurance for the millennial market
Summary
On the other hand, the UK insurtech company has also announced the launch of its life insurance offering. If you look at the life insurance industry, it is out-of-date and overly complex with jargon that has plagued it for hundreds of years. Ultimately, people want life insurance online, want it quickly, and want more knowledge and support – we have seen that in the hugely positive response to date to our product. With this seed funding we can now supercharge our growth and become the all of life platform for the millennial generation” Richard Sears, Kuvi Capital’s investment director added: “What initially drew us to Bequest was the nature of the life insurance market: vast, underserved and still largely undisrupted in the UK. What convinced us to lead their Seed round was the quality of the team and their innovative approach: both in terms of creating their own unique life insurance product and developing a compelling go-to-market strategy.