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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The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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