Marshmallow picks up $1.2M seed to provide car insurance to immigrants and expats

Jun 7, 2018 · techcrunch.com

Alexander oliver kent braham

Marshmallow, a new ‘insurtech’ startup in the U.K. building a product for immigrants/expats who are poorly served by the car insurance market, has picked up $1.2 million in seed funding. Backing the company, which is set to launch later this year, is Passion Capital, and Investec Bank.

Founded in March 2017 by identical twins Oliver and Alexander Kent-Braham, and David Goate — all three of whom previously worked at digital identity company Yoti — Marshmallow is developing insurance products that aim to use better data and technology to provide more fairly priced insurance cover to non-U.K. nationals. To that end, the startup is starting out with car insurance for foreign-born drivers.

"Car insurance typically requires an insurer to understand a person’s driving ability, driving history and current lifestyle before they can offer them an accurate price," explains Marshmallow’s Oliver Kent-Braham.

Read Complete Article

RT @LDN_CDO: *Job Alert Klaxon* seeking a dynamic new director of a nascent & exciting new city unit, the London Office of Technology & Inn…

I’ll shortly be giving my regular update to @LondonAssembly, including on London’s support for Christchurch followi… https://t.co/gG7xDaMYll

Join us for a unique and prestigious opportunity to celebrate the start of #LTW 2019, in support of… https://t.co/npRlkqrYQw

Iran's Revolutionary Guards involvement in drilling for oil would signal a shift in the country's energy policy, ex… https://t.co/3xu4Xc8uv4

Using AI to improve sales https://t.co/1THiKsA47B by @TonyaHallRadio