This firm uses social media to connect individuals with niche interests — from model railway enthusiasts to diabetes sufferers — enabling them to buy specialist insurance more cheaply. Founded in 2012 by Steven Mendel, 51, Guy Farley, 48, and Sam Gilbert, 39, it diversified last year into developing and offering its own policies that focus on smaller niches that are of little interest to large insurers. Last year it launched a policy for urgent medical travel for people with serious illnesses who need to go overseas. Sales — which represent gross premiums — hit £19.7m in the year to March 2018 thanks to 500,000 members now using the platform. In July it closed a £15m funding round.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.