Porch completes $100M Homeowners of America acquisition, doubling down on insurance market
GeekWire
APRIL 6, 2021
Porch says it will use the acquisition to build its national footprint in the home insurance market. Porch cut its net loss in half in 2020, to $51.6 Porch then uses that access to connect homebuyers to movers, insurance agents, home security firms, TV/internet companies and other service providers, making money on transaction fees.
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