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Bought By Many
Bought By Many’s mission is to make insurance fairer. The company helps people find insurance for the things in their lives they care about or that are out of the ordinary, using online search data to find unmet consumer needs for insurance.
Through Facebook and other social platforms, Bought By Many connects people in groups and negotiates discounts or creates policies to meet their needs.
The insurtech business was founded in 2012 by Steven Mendel and Guy Farley. In 2017 Bought By Many announced a £7.5m Series A investment round with funding from Octopus Ventures and Munich Re’s HSB Ventures.
Bought By Many has won numerous awards and accolades, including the Innovation in Insurance Award at the Fintech Innovation Awards 2016, as well as being included in the FinTech50 by FinTech City in 2016.