Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Marshmallow raises $1.2 million to help the U.K.’s immigrants land fair insurance

ImpactAlpha, June 12 – Marshmallow, a U.K. startup, plans to offer car insurance to the more than 9 million foreign born drivers who recently moved to the country.

The company says foreign-born residents lack access to fair financial services and are mistreated by the traditional financial sector, even though they are ambitious, educated and have economic potential. “A lot of insurers don’t attempt to understand foreign drivers living in the U.K., instead they just overcharge them,” said Marshmallow co-founder Oliver Kent-Braham.

  • Seed round… Marshmallow raised a $1.2 million seed round ahead of launching its insurance offering later this year.
  • Early backers… Passion Capital and Investec Bank have invested in Marshmallow’s pre-launch funding round.

You might also like...