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 @L_Pbusiness: Fantastic news for Business Growth Programme cohort member @style_lyrical who featured in this month's @RedMagDaily #Growi…

Work by @LDNVictimsComm has highlighted cases of migrant women who never report domestic abuse due to a fear of dep… https://t.co/Va6noIJj0i

#TechX365: only 4% of the UK has access to full-fibre broadband, compared to South Korea's 93% https://t.co/SviTadr2Fj

Cyber-Security Compliance: Guide to Data Protection Regulatory Compliance https://t.co/L3SWRn1JC1

Microsoft and Amazon start publicly testing Cortana-Alexa integration https://t.co/Tr2dp0lrWp by @maryjofoley