Marshmallow, the UK insurance startup for migrants, raises $90M at a $2B+ valuation

UK startup Marshmallow The use of information science for immigrants and other consumers outside traditional insurance has been blown up for many years. Now a million drivers have increased $ 90 million to expand the $ 500 million dollar in income rate, Marshmallow with insured and profitable annual income.

Marshmallow plans to use financial services to use the financial services, as well as the most insurance products – more insurance products to apply to the population of people despite the cold effects of the Brechit it grows.

“We think migration as a great opportunity,” said CEO Oliver Kent-Braham said in an interview. He noted that there are more people in the UK and the workforce, he was celebrated in 2024 with 1.2 million migrants with 1.2 million migrants to England. “We need migration to launch more people and help people move and integrate into the UK”

In the appearance of Marshmallow, this integration allows you to manage your own insured vehicle and soon start starting hopes, home insurance and credit.

Marshmallow, this year later plans to launch the first loan product, Kent-Braham, the route to prepare a “one-stop shop” for the financial and insurance where a new arrival should be adapted to the life of a new arrival.

This tour, according to Kent Braham, is divided between capital and debt, and this is about $ 2 billion. To put this into context, the end of the marshmallow increased financing as $ 1.25 billion 2021.

The beginning saw a significant increase in the case at that time. In 2021, Marshmallow insured only 100,000 people. Now in cities like London, 1 million insured numbers, the pink open advertising campaign, which is difficult to miss.

Portage is heading the tour with the participation of blackrock and Columbia Lake partners. The company’s previous supporters were included in the capital of passion, investment and scores. Marshmallow, up to 220 million dollars so far raised.

Note that new tour work is at least JanuaryAnd Kent Braham said that some of the capital was lifted in 2023.

Marshmallows financing comes in a complex point for insurance beginnings in Europe.

On the one hand, there is a sad story of the Wefox.

SoftBank, Omers, Sales, and is supported by them, increased until Wefox evaluation $ 4.5 billion By 2023. Only two years later, in years, years, in the Broker-based business model, Wefox fell on difficult days. The company has been Selling parts of his work and gather Lifeline Financing for break up.

There are still some bright signs of establishment of more sustainable enterprises. Those who can demonstrate a strong technology story are drawn to investors.

Last week, Release – A new start from Poland – a large strategic investor that invested $ 10 million in more than $ 200 million. This increased the first time on the edge of money after being affordable in Ominimon’s download. As a marshmallow, the starting car insurance began and reveals actuarial formulas and uses AI to make a new entry to the risk forecast.

There are other details about the marshmallow that puts it together other than the package and even more than price-retail sales), other than the data sciences and AI quick insurance beginnings.

The thoughts of intensity and diversity saying how Zeferlowlow approaches the target customer base is in the beginning.

Kent Braham, the same twins, Alexander and David Goaté and David Goaté founded a marshir teferedini. Twins really look too the same. “In fact, you can talk to Alexander at the moment!” Oliver joked while talking about this story. The more serious, starting is an occupation of a beginner in another way.

In the UK, one of the two “Unicorn, the other world in the world, and the other is one of the two. Stats are not inspired outside the United Kingdom; one 2024 Education Only 3% of the beginnings with more than $ 1 billion in the United Kingdom and the United States have black founders.

It is noteworthy that diversity, capital and enter programs are demolished in the United States, it is noteworthy that ZEF’s investors will accurately because from different leadership.

“This is a very strong founding team,” Devon said in an interview with the co-chair of Kirk, GP and the capital of Porta. “We think that financial services benefit from various prospects and leaders with innovative solutions to resolve these needs.”