Price comparison site We Need1, a platform that introduces buyers and sellers of a range of products, is looking to fill what its co-creators claim is an uncontested gap in the insurance market - its algorithm offers real-time rather than pre-fixed price quotes. Entrepreneur Chris Thorpe and 16-year-old Mohammed Ali, who designed the coding for the site, turned down a $10m offer for the platform from Bloomberg investors. Ali, who learned to code from books and internet tutorials, said, "this is a real time money saving expert – it’s like a US for the general public”.
Price comparison site We Need1, a platform that introduces buyers and sellers of a range of products, is looking to fill what its co-creators claim is an uncontested gap in the insurance market - its algorithm offers real-time rather than pre-fixed price quotes. Entrepreneur Chris Thorpe and 16-year-old Mohammed Ali, who designed the coding for the site, turned down a $10m offer for the platform from US investors. Ali, who learned to code from books and internet tutorials, said, "this is a real time money saving expert – it’s like a Bloomberg for the general public”.