8 years ago

Urban Jungle Secures €1.1 Million Seed Funding to Revamp Home Insurance for Young Renters

  • Urban Jungle, a London-based FinTech startup focused on improving insurance for young people, has secured €1.1 million in seed funding led by Rob Devey, former CEO of Prudential UK and HBOS insurance

  • The funding will support the launch of new products, including one for house and flat shares

  • Urban Jungle aims to transform the insurance experience by using modern technologies and machine learning to improve risk scoring.

      • ProblemFinancial Services

      "The problem Urban Jungle is trying to solve is that the traditional insurance industry is failing to keep pace with the changing lifestyles of young people, making it difficult for them to get insurance, and also use it when something goes wrong."

      Solution

      "Urban Jungle is offering a tech-enabled home insurer that is designed to be smartphone-first, with a modern technology stack and machine learning-based risk scoring to improve the insurance experience for young people."

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