InsurTech Futures: Mobile app Honcho aims to disrupt price comparison websites
Broker-owned online reverse auction app to launch in the car insurance sector in Autumn 2018 after being authorised by the FCA.
Online reverse auction marketplace Honcho has stated it is set to disrupt the car insurance sector when it launches in Autumn 2018.
The mobile app, which claimed it is the first of its kind for financial services, has said it will disrupt price comparison websites by allowing car insurers to bid from business from consumers.
The firm added that it has recently been authorised by the Financial Conduct Authority (FCA) and has secured £830,000 of investment following a CrowdCube campaign.
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