Rnwl describes itself as an “Insurance Wallet” that starts with auto insurance, reminding users when policies are due to renew and displaying competitive quotes if they want to switch. The consumer service is free to use; Rnwl generates revenue by taking a small commission on policies purchased directly via the platform. The company says it aims to expand across all insurance verticals beyond auto. Rnwl is developing a B2B SaaS offering for the future, with commissions to be shared under that model. The platform has run multiple equity raises on Seedrs, indicating ongoing online capital formation activity. Its most recent Seedrs raise valued the company at a £8.2 million pre-money figure.

Total raised

$0M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2023