Insurtech huncho raises £1.2m

Insurtech startup honcho – provider of the UK’s first reverse auction marketplace for financial services – have completed their latest investment raise as their mission to revolutionise how consumers buy insurance continues.The Durham-based innovator has  brought a further £1.2m of investment into their business with participation from crowd investors, Insurtech Gateway and existing investors Finance Durham which was established  by Durham County Council and overseen by Business Durham, and the North East  Development Capital Fund (“NEDCF”), supported by the European Regional Development  Fund, as they embark upon their next phase of growth.