Honcho is the UK’s first reverse auction marketplace for financial services that is revolutionising the car insurance market. In a reverse auction, the company works by inviting insurance providers to bid against one another. For just £1 a bid, insurance providers can go head to head to give the customer their best price and helping the latter to avoid any hidden charges and commission. Honcho's first major £830,000 funding round closed in March 2018 with support from crowd investors plus Maven Capital Partners. The company has just launched its first partner integrations, bringing its services to consumers of two major employee benefits platforms plus a major affiliate network. Honcho was selected for the 'Tech Nation Fintech programme 2019.' Honcho will use the investment to diversify its investor base and bring itself to a platform with support for Insurtech businesses, launch offers in other sectors, evolve its role as Platform as a Service (PaaS), and enhance marketing initiatives.
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honcho Rating Review
Pitch rating powered by CROWDRATING™
Rated on 17/07/2020
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£6,888,166
pre-money valuation
14.84%
equity available
571
investors
£2,510
pledge per investor
09190148
company number
Liquidation
company status
28/08/2014
incorporated 10 years
Previous Funding rounds
25 Apr 24 | Crowdcube | £829,370 / 128% | 52.33% |
25 Apr 24 | Seedrs | £1,433,325 / | 86.00% |
News
Ex-biz honcho loses ₹25cr to phone frauds posing as CBI - The Times of India
24/04/2024 The Times of India
How 'CBI officer' swindled ₹25 crore from retired MNC honcho - MSN
26/04/2024 MSN
Lewis Hamilton issued stark warning by top Ferrari honcho - Express
17/04/2024 Express
Citadel honcho boosts stake in Spain's Audax to over 3% - Renewables Now
18/03/2024 Renewables Now
Euro Paper Talk: LaLiga head honcho adds weight to keeping Mason Greenwood from out of Man Utd clutches again ... - TEAMtalk
01/03/2024 TEAMtalk
Xabi Alonso latest: What Bayern honcho is now saying about manager search - Empire of The Kop
28/03/2024 Empire of The Kop
How 'CBI officer' swindled ₹25 crore from retired MNC honcho - The Times of India
25/04/2024 The Times of India
Billionaire shampoo honcho cleans up with $20M sale of Upper East Side townhouse - Crain's New York Business
11/04/2024 Crain's New York Business
Aston Martin chief addresses 'astronomical offer' for Red Bull honcho Adrian Newey - Express
05/04/2024 Express
Ex-CBS honcho Les Moonves fined $15K for illegally obtaining confidential info on LAPD sex assault investigation - Yahoo News UK
18/04/2024 Yahoo News UK
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What the ratings mean
RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.