Urban Jungle gets £1m to disrupt the insurance market

Jan 3, 2018 · uktech.news

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FinTech startup Urban Jungle has closed a £1m Seed.

The company will use the funds to improve the way in which renters can obtain home insurance.

Urban Jungle’s round was led by Rob Devey, the former CEO of Prudential UK and HBOS insurance, who will also act as a board advisor.

Founded by Jimmy Williams and Greg Smyth, Urban Jungle will leverage machine learning to improve risk scoring.

Williams spoke about the round’s closure: "This investment marks a big step towards our mission to build an insurance provider that customers love. Through 2017, we focused on building a business that our customers can rely on 100% when something goes wrong.

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