Incahoot (a portmanteau derived from "in cahoots") was a UK-based group-buying website that negotiated deals on services such as mobile phones,

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and

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. Incahoot launched in January 2011. The company was acquired by

Manx Financial Group Manx Financial Group (MFG) has subsidiaries engaged in financial services based in the Isle of Man and the UK. These companies offer financial services to both retail and commercial customers. Principal wholly owned subsidiaries: Conister Bank Lim ...

in 2015. Manx Incahoot Lt. closed down in 2020.

Business model

Incahoot used a large member base as a bargaining tool to negotiate offers with companies. It negotiated best value deals on mobile phones, home broadband,

telephony Telephony ( ) is the field of technology involving the development, application, and deployment of telecommunication services for the purpose of electronic transmission of voice, fax, or data, between distant parties. The history of telephony is i ...

and

, as part of its mission to close the estimated 35% gap between prices offered to consumers and those negotiated by big businesses. Companies signed with Incahoot include

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Plusnet Plusnet plc is a British triple play internet service provider (ISP); providing broadband, landline and mobile services. The company was founded in 1997 in Sheffield, England, and became a public limited company (plc) in July 2004 when it was f ...

, nPower and First:Utility. Incahoot differentiate itself from other group buying sites by providing ‘essential’ items and services that most people have to buy regularly.

History

The company was founded in 2008 by Norwegian-born software expert and COO Roy Edvard Ellingsen, taking his inspiration from Ownersbuy in Norway. Negotiations are led by UK CEO, John Evans, who joined the company in 2009. The company was acquired by Manx Financial Group and transformed into an employee benefits scheme. It was closed down in 2020.

References

{{reflist Online retailers of the United Kingdom Companies based in Wiltshire