Walnut Insurance Raises $4M in Seed Funding

Walnut Insurance

Walnut Insurance coverage, a Toronto, Canada-based generation corporate that gives infrastructure for embedded insurance coverage, raised $4M in Seed investment.

The spherical used to be led via ATB Monetary and NAventures, with participation from Harvest Challenge Companions, Highline Beta, and N49P.

The corporate intends to make use of the finances to concentrate on additional increasing their strategic partnerships throughout North The usa, handing over customized embedded insurance coverage systems that allow manufacturers to construct deeper relationships with their consumers.

Led via CEO Derek Szeto, Walnut Insurances is a insurtech that has constructed generation infrastructure to energy embedded insurance coverage for outlets, monetary products and services, and shopper platforms. The platform makes insurance coverage handy, growing accessibility for underserved audiences throughout lifestyles, house, renters, auto, and embedded product strains. Walnut supplies the core infrastructure and get entry to to a huge set of insurance coverage merchandise that may be embedded into or along shopper reviews, similar to embedded fee and lending. With their API-driven distribution method, Walnut has partnered with Neo Monetary, probably the most biggest fintechs in Canada, to assist the corporate faucet into the over $160 billion buck Canadian insurance coverage marketplace.

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15/12/2022

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