Marshmallow picks up $1.2M seed to provide car insurance to immigrants and expats

INSUBCONTINENT EXCLUSIVE:
building a product for immigrants/expats who are poorly served by the car insurance market, has picked up $1.2 million in seed funding
Backing the company, which is set to launch later this year, is Passion Capital, and Investec Bank.Founded in March 2017 by identical twins
developing insurance products that aim to use better data and technology to provide more fairly priced insurance cover to non-U.K
nationals
they just overcharge them
says typical customers are people who have moved to the U.K
to build a life here
better life in the U.K
insurers who still use legacy systems and struggle to use U.K
data, let alone global data