honcho is a new mobile app that revolutionises the way you buy insurance…saving you time and money. We have developed the first online reverse auction marketplace for financial services.
A reverse auction is where you, the consumer, receive bids and become the focus of the auction. Companies compete against each other in real time to win your custom, which is how we think it should be!
honcho is disruptive and innovative, and we’re going to start by launching into the car insurance market in late May 2019.
honcho is authorised and regulated by the Financial Conduct Authority (FRN 791467).
#PlayHardToGet 😎
A reverse auction is where you, the consumer, receive bids and become the focus of the auction. Companies compete against each other in real time to win your custom, which is how we think it should be!
honcho is disruptive and innovative, and we’re going to start by launching into the car insurance market in late May 2019.
honcho is authorised and regulated by the Financial Conduct Authority (FRN 791467).
#PlayHardToGet 😎
Location: United Kingdom, England, Durham
Employees: 11-50
Total raised: $3.81M
Founded date: 2014
Investors 1
| Date | Name | Website |
| 17.07.2021 | InsurTech ... | insurtechg... |
Funding Rounds 4
| Date | Series | Amount | Investors |
| 09.04.2020 | - | $1.49M | - |
| 14.06.2019 | - | $944.32K | - |
| 16.01.2018 | - | $1.17M | - |
| 22.12.2017 | - | $200.38K | - |
Mentions in press and media 12
| Date | Title | Description |
| 27.01.2021 | 4 INSURTECH BUSINESS: MODELS & METRICS | The beginning of 2021 represents; a fresh cycle around the sun, Q3 of the Australian financial year, Q2 of the US financial year and Q4 of the UK financial year. |
| 05.08.2020 | By Miles launches on Honcho | |
| 09.07.2020 | Bdaily: honcho launch seedrs round | |
| 28.04.2020 | Gateway Australia April Investment Update | On the back of an unprecedented bull ride, a downturn was overdue. But, unless you’re the organisers of Wimbledon, you were unlikely to be prepared for a global pandemic, or the severity. |
| 22.04.2020 | Podcast: Listen to honcho CEO | |
| 09.04.2020 | HONCHO CLOSES £1.2m ROUND | Over 600 crowd investors invest via Crowdcube crowdfunding platform |
| 16.01.2020 | Update: Honcho Extends Crowdcube Campaign; Now Nearing £875,000 in Funding | UK-based insurtech Honcho recently announced it has decided to extend its latest equity crowdfunding campaign on Crowdcube. The funding round originally sought to raise £700,000 and is now nearing £875,000. The initiative has attracted 455 ... |
| 15.01.2020 | By Miles to join honcho marketplace | “We’re thrilled today to welcome fellow insurance innovators By Miles to the honcho ecosystem. |
| 05.09.2019 | Introducing the 23 companies selected to join Tech Nation’s 2019 Fintech programme | It is our great pleasure to announce the new cohort of early-stage scaleups joining the second instalment of Tech Nation’s Fintech growth programme. The programme is delivered as part of HM Treasury’s Fintech Sector Strategy to maintain the... |
| 14.06.2019 | Honcho Receives a £750k Investment | Private equity firm Maven Capital Partners has invested a further £750k in Honcho Honcho Founded: 2016 Headquarters: Tyne, UK Total Funding: $5.2M See full company profile "> . “The follow-on investment will support the business as ... |
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