Huddle Money

Huddle Money is an Australia-based peer-to-peer financial services company set to launch in in July 2016.[1]

The startup offers a range of financial products, including travel insurance.[2] Its launch coincides with the Australian Federal Government's introduction of the 'regulatory-sandbox' to encourage the development of FinTech companies in Australia.[3]

History

Huddle Money was founded in June 2016 by British expats Jonathan Buck and Jason Wilby with the aim of challenging traditional banking services in Australia and providing educational financial tools for consumers.[2]

Huddle Money is based on the concept of the peer economy, where it aims to reduce the cost of financial products such as loans or insurance in Australia through its rewards-based platform and future peer-to-peer lending and insurance services.[4][5]

Funding

Huddle Money is a privately owned company and recently raised $6 million from investors, including Richard Enthoven, in its first funding round.[5]

Media

Huddle Money has recently featured in the Australian Financial Review and in Australian FinTech.[2][5]

References

  1. ↑ "Hollard backs Huddle formation as fintech launch nears - Corporate - Insurance News - insuranceNEWS.com.au". www.insurancenews.com.au. Retrieved 2016-07-04.
  2. 1 2 3 "Huddle Money raises $6m to create peer-to-peer bank". 2016-06-20. Retrieved 2016-07-04.
  3. ↑ "Aussie fintech start-up Huddle Money sets sights on Insurance - Jeffrey McNally". 2016-06-22. Retrieved 2016-07-04.
  4. ↑ Wilby, Jason (2016-06-16). "Building the world's first peer-to-peer bank — Huddle Money". Retrieved 2016-07-04.
  5. 1 2 3 "Huddle Money raises $6m to create peer-to-peer bank". 2016-06-20. Retrieved 2016-07-04.
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