Insurance and Financial Products Rater Ratehub Raises $12M

Canadian aggregator Ratehub announced it has raised $12 million in a Series A round led by MoneySuperMarket cofounder Simon Nixon and VC firm Elephant (fun fact: Elephant’s cofounder Andy Hunt is the cofounder of Warby Parker). 

The company was established in 2010 and operates financial product comparison site Ratehub.ca and CanWise Financial, a national mortgage brokerage which funds over $1 billion of annual mortgage volume. “Canadians don’t always look at all of their options when they need a new financial product, due to ingrained loyalty to their home bank. We are looking forward to launching new and enhanced financial product comparisons, and to continuing to bring financial transparency to Canadians” – Alyssa Furtado, cofounder of Ratehub Inc. and CEO of Ratehub.ca.

Get a feel for its insurance offering below (hint: click, click, call) :