Honcho: UK insurtech, raises £1.2m funding for expansion
- The Durham-based firm, provider of a reverse auction marketplace for financial services
- Funding led by crowd investors, Insurtech Gateway, and existing investors
- The latest funding round saw further investment from Maven’s managed funds
- honcho plans to grow by over a dozen more insurance providers in the coming weeks
- In addition, it will launch dedicated reverse auction marketplaces for van insurance and for learner driver insurance
- honcho’s van insurance marketplace will launch this spring and bringing long-overdue transparency from van insurance providers
