New platform launched to help entrepreneurs develop broking businesses

Movo Partnership has launched a new platform in a bid to help entrepreneurs develop their own broking businesses.

Called Movo Accelerator, the platform aims to mitigate common barriers to success, which include startup costs and the first 12 months of trading.

To do this, Accelerator will cover salaries, infrastructure and services to help get a broker up and running in return for an equity stake in the business.

Movo Partnership stated each deal will be tailored to the requirements of the individual broker.

Lea Cheesebrough, chief executive at Movo Partnership, said: “Our experience shows there are a lot of ambitious account executives out there with the right mix of talent, energy and drive to make a success of their own business, but some struggle to find the financial backing needed to launch, run and cover costs until they win their first clients.

“Movo Accelerator is a bespoke solution which enables these entrepreneurs to access the funding to fulfil their dream of starting their own business.”

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The launch of the platform comes after James Hart joined Movo Partnership as business development director in October 2024.

The appointee previously served as business development director at Durrell Software and spent over five years in senior marketing roles at Brown and Brown Europe.

Hart said that “Accelerator will help the next generation of brokers get a foothold in the market” at a time when broker M&A is continuing in the insurance market “at pace”.

He added: “As an appointed representative network, Movo Partnership provides a fantastic service to brokers with everything they need to trade – from client money, banking and insurer reconciliation, to compliance, marketing and systems support.

“Movo Accelerator takes this service to a much wider audience by providing the funds for startup costs.

“I’m incredibly excited to have joined the Movo team to launch this unique and exciting proposition.”