Online will writing tool aims for 10 per cent market share this year

Online will writing tool aims for 10 per cent market share this year

An online will writing too has raised £7.5 million in a bid to “disrupt the death industry” as it aims for a 10 per cent share of the market by the end of this year.

Farewill, which currently produces one in 30 wills in the UK, plans to use funding injection to double the size of its workforce and increase its customer support.

In its latest funding round, it has received investments from funds including Augmentum Fintech, Transferwise and Taavet Hinrikus.

Co-founder and chief executive Dan Garrett said: “Dying is the largest financial event of your life, with £1 trillion expected to pass between generations over the next years.

“We have a unique and exciting opportunity to lead the way in building simple, easy-to-use tools for dealing with death, putting people back in control.”

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