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Honcho: Raises £1.2m funding for expansion

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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

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