Rnwl

Rnwl is an insurtech offering a white-label embedded Insurance Wallet for insurers as an Open Insurance solution.

The highly personalised Insurance Wallet is populated automatically using Rnwl's proprietary technology, which allows insurers to cross-sell products to their existing customers at the time of renewal using pre-populated quotes.

The business claims to be growing its users at 6.75% per week. Each user adds an average of 1.96 policies, and an average of 48% of reminders sent convert into a quote for a new policy.

In January 2020 CEO Goncalo de Vasconcelos revealed that the company was looking to crowdfund for the business in 2020.

In December 2021 Rnwl closed its Seedrs round, having successfully raised £492k from 534 investors in 34 days with a pre-money valuation of £6m.

CEO Goncalo is also the founder of fintech SyndicateRoom.