Husmus Secures Funding from Google and Innovate UK to Solve Financial Exclusion
Husmus Secures Funding from Google and Innovate UK to Solve Financial Exclusion
New Funding Will Help Husmus Drive Fairer Access to Financial Services for Home Renters and Providers
Dorset, UK - June 19, 2023 - Husmus, a startup that is solving financial exclusion in housing, today announced that it has secured funding from Google and Innovate UK.
The funding will be used to accelerate Husmus' growth and scale its impact. Husmus is an embedded insurance marketplace that matches people unserved by today's financial products to new, innovative, customisable alternatives. Their focus is home and rental insurance.
“We are excited to partner with Google to solve the global problem of financial exclusion. Over 78 million homes in Europe alone are unserved by today's financial services. While our ambition is wider financial reform we start in home and rental insurance.” said Sarah Wernér, Co-founder and CEO of Husmus. "Google's deep understanding of the technology landscape, its commitment to innovation and expertise in product delivery will be invaluable as we scale our business."
The company uses algorithms and product innovation to classify risk and match people with insurance that is a better fit for their circumstances and goals. Husmus’ platform is designed to be easy to use and understand, taking away the hassle of trying to compare different offerings from multiple providers.
Working with insurance companies, the company has created novel products that make meaningful positive impact to home renters and providers.
“Our team cares deeply about improving life for our customers. We know that access to financial services materially improves lives. That’s why we are committed to creating impactful products that serve the many not the few.”
“Our team cares deeply about improving life for our customers. We know that access to financial services materially improves lives. That's why we are committed to creating impactful products that serve the many not the few.” says Mattias Wernér, co-founder and Tech COO.
“We’re looking forward to working with Husmus on their mission to solve financial exclusion,” said Mariama Boumanjal, Manager of Google BFF Europe and Africa. “We can't wait to get started to help them reach their full potential.”
Matt Brittin, President of Google EMEA says “Our fund acts as a catalyst for corporate investment. We provide our cohorts with much needed financing and the best of Google's people, partners and products to help them grow their businesses and fulfill their potential.”
About Husmus Husmus is a startup that is solving financial exclusion with algorithms and product innovation. The company's mission is to make financial services accessible to every household. Husmus is an embedded insurance marketplace that matches people unserved by today’s products to new, innovative, customisable alternatives that enhances the way they live.
About Google for Startups Google for Startups is a program that provides startups with the resources they need to grow and succeed. The program offers a variety of resources, including funding, mentorship, and access to Google's technology and expertise.
About Innovate UK
Innovate UK, part of UK Research and Innovation, is the UK’s innovation agency. We work to create a better future by inspiring, involving and investing in businesses developing life-changing innovations. With an annual budget of over £1billion we provide businesses with the expertise, facilities and funding they need to test, demonstrate and evolve their ideas, driving UK productivity and economic growth.
For more information, please contact: media@husmus.net