Smart thinking money app Yolt, a venture of ING Bank, has integrated with insurtech start-up Homelyfe as part of a new partnership., which will allow Yolt users to source a home insurance quote in just one minute.
The partnership unites two fintechs with a shared mission to use technology to empower their users and create the hassle-free journey that mobile-first users expect. The integration is also another milestone for Open Banking, as it highlights the value of a third-party provider integrating with a home insurance provider in the UK.
Homelyfe was founded in 2015 with a mission to make insurance simple and customer-centric by streamlining the quote process. Its white label solution allows partners such as banks, retailers and insurance companies to offer its products and services to their customers.
Yolt is a money app that eliminates the need for users to juggle multiple apps in order to manage their finances. With Yolt, users have an overview of their accounts and cards so they can analyse their spending habits across multiple bank accounts to offer tips, advice and better deals.
Homelyfe CEO and co-founder Peter Goodman, said: “We’re thrilled to work with Yolt on this partnership to simplify insurance for their users. Homelyfe and Yolt have a shared mission to empower the mobile consumer, using technology to create an effortless customer experience. This partnership sets a new benchmark for customer-centricity in financial services in the digital age.”
Yolt CEO Frank Jan Risseeuw said: “Yolt’s vision is to give everyone the power to be smart with their money. We are therefore really pleased to be able to link up with Homelyfe and provide Yolt users with access to home insurance through our app. Yolt is committed to being the only money app our users need and we are making this possible through exciting partnerships like this one.”
Source: Company Press Release.