Financial Inclusion

Two Former Amazon Execs Want To Help You Stop Overpaying For Home Renovations is something of an interesting novelty among sites that help connect people to the contractors who can build their extensions, remodel their bathrooms or design the professional chef’s kitchens that their renowned cooking skills obviously entitle them to. will help you book a contractor – just like Thumbtack, Handybook, Home Depot’s Redbeacon or TaskRabbit will. is the brainchild of a group of former Amazon execs with backgrounds working on products like Amazon Marketplace and Amazon Fresh. The team is headed up by former Digg CEO Matt Williams. The value added that brings to the marketplace is that it gives consumers a Zillow-like estimate for what their job should actually cost. Called “prestimates” the quotes are based on a proprietary internal formula and are intended to offer users an expected price range for a contracting specific jobs.

“We don’t guarantee the price estimate, but we have a Pro range,” Williams told cNet. “The idea is to provide not just a relatively accurate estimate, but a platform for the customer and the Pro to talk about it.”

Though only in development for nine months, the project has attracted and impressive amount of early seed funding– having raised $3.5 million from Madrona Ventures, Andreessen Horowitz, Redpoint Ventures, Bezos Expeditions, Two Sigma Ventures and Sherpa Foundry.

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Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. Check out the February 2019 PYMNTS Financial Invisibles Report

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