UK Insurtech Rnwl Now Seeking £150,000 Through Equity Crowdfunding Campaign on Seedrs

Rnwl, a UK-based insurtech platform, is now seeking £150,000 through its recently launched equity crowdfunding campaign on Seedrs. Founded in 2019, the company stated it is building the first “over-the-top” insurance platform.

“Buying and managing insurance is a broken process. The industry is hopelessly out-of-date and ripe for disruption. The status-quo has prevailed for too long. Having found how parts of the industry work, it’s our moral duty to say ‘enough is enough’ AND do something about it. It’s the right thing to do for consumers.”

Rnwl also claimed that the insurance industry has been based on hidden charges and poor customer service for far too long. It is building its platform to change all of that.

“We are starting by addressing the ‘loyalty penalty’ problem by proactively search and compare deals ahead of renewal to save [customers] money ever year.”

Funds from the Seedrs round will be used to continue the growth and development of the Rnwl platform. The company is now offering 3.79% in equity at a £3.8 million pre-money valuation.