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London-Based Insurtech Bequest Secures £1.7M To Simplify Insurance For The Millennials

Jun 30, 2021•about 4 years ago

Amount Raised

£1.7 Million

Round Type

seed

London

Description

Almost all sectors and services are undergoing digitisation and we’ve witnessed this trend accelerate since the COVID-19 pandemic. Insurance industry, too, pivoted quickly and now most of its services are offered online. London-based startup Bequest aims to further shake things up in this segment by offering simplified wills and life insurance for the millennial market. It has secured a £1.7 million seed funding and is also launching its new insurance offering that was being beta tested.

Company Information

Company

Bequest

Location

London, Ontario, Canada

About

Typically, fulfilling insurance cover can take up to 6 weeks or even more, however Bequest says it can do the same in as little as 15 minutes. Bequest says it does not perform medical checkups and it is also changing the way insurance industry works by removing mental health discrimination. The company was founded back in 2019 by James Buckey Thorp, after he realised how archaic the insurance industry was when he lost a friend in late 2017.