Porch Group (PRCH) Launches MovingPlace

Porch Group, Inc. (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.”

You May Also Be Interested In

• CFRA Starts SpaceX (SPCX) at Sell, 'Our primary concern is that SpaceX’s long-term strategy remains heavily dependent on Starship'
• Iran deal reopens Strait of Hormuz - Reuters
• Nvidia develops 6G radio chip as data center shifts stay on track - Jefferies