Porch Group Launches MovingPlace, a One-Stop Marketplace for Moving Services

December 19, 2024 at 08:30 AM EST

Porch Group, Inc. (“Porch” or “the Company”) (NASDAQ: PRCH), a homeowners insurance and vertical software platform, today announced the launch of MovingPlace, a new marketplace helping consumers to manage their entire move. MovingPlace (at www.movingplace.com) builds on Porch Group’s vision of helping make the home simple, from moving, maintenance, and protection.

MovingPlace simplifies the moving process by helping consumers research, compare, and book the moving company that's best suited to their unique needs, all in a simple digital experience. This solution saves customers hours they've previously been spending calling multiple companies to compare quotes. In 2025, MovingPlace will expand to include other services customers need to build their perfect move, such as supplies, packing and storage. Eventually, MovingPlace will incorporate the rest of the moving services a homebuyer needs such as insurance, warranty, TV/internet, and security.

“We see a significant opportunity with MovingPlace to solve multiple customer pain points throughout the moving process, grow our business, and bring new innovation to the moving industry,” said Nicolas Graham, SVP and Group GM, Moving. “Porch’s ability to identify and target homebuyers early allows MovingPlace to focus its marketing efforts toward the most relevant consumers. This launch supports our broader strategy of embedding Porch Group into the homebuyer journey, positions us to capture a larger share of the moving market, and aligns with our long-term vision of becoming the best partner for homebuyers, while making the home journey simple for consumers.”

About Porch Group

Porch Group, Inc., ("Porch") is a homeowners insurance and vertical software platform. Porch's strategy to win in homeowners insurance is to leverage unique data for advantaged underwriting, provide the best services for homebuyers, and more protection. The long-term competitive moats that create this differentiation come from Porch's leadership in home services software-as-a-service and its deep relationships with approximately 30 thousand companies that are key to the home-buying transaction, such as home inspectors, mortgage, and title companies.

To learn more about Porch, visit ir.porchgroup.com.