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Hiro, a UK-based insurtech startup, announced on Tuesday it is planning to seek funds through equity crowdfunding platform Seedrs. The company describes itself as a home insurance challenger that helps customers to actively protect their home using smart technology instead of relying on compensation after a situation. Hiro CEO, Krystian Zajac, further explained:
“Insurance is currently locked in this weird stand-off with customers. where the vast majority of customers don’t trust insurers to pay out, and yet payouts are the number one cost-center for insurers. Hiro is about putting customers and insurers on the same team for the first time – working together to prevent the most common causes of damage, and thereby reducing costs for everyone.”
Hiro further reported that its customers are able to get access to smart technology from over 30 leading brands at members-only discounts via an in-app “smart shop.” They may also use the technology they already own to unlock discounts on their premiums from the outset. The Hiro app scans the customer’s home network to detect the devices they have installed and automatically apply a discount. Hiro also rewards customers for protecting their homes using smart technology like video doorbells, smart cameras, security systems and smoke detectors.
Hiro offers customers up to 25% discount on their policy plus deep discounts to purchase further technology to protect their homes. The pre-registration pledge page is now open on Seedrs, ahead of the full crowdfunding launch on January 18th. Hiro
About Hiro & Seedrs
Hiro is an insurance challenger brand that rewards customers with insurance discounts for investing in smart technology that protects their homes. ... By installing technology such as cameras, video doorbells, and smart leak detectors, homeowners and renters can gain cheaper insurance premiums.
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For businesses, the administrative burden of raising capital is significantly reduced by our dedicated and passionate team, leaving entrepreneurs to do what they do best – running and scaling their businesses for success.
Our ethos is equity crowdfunding done properly and, in line with Financial Conduct Authority (FCA) rules and best practice, we give every Seedrs investor access to this high-risk high-return asset class, together with the tools to build a diverse, growth-focussed investment portfolio.
