Onsi

Insurance and financial benefits for flexible workforces

Specialty Solutions Growth Series B

Overview

Onsi is a benefits and insurance intermediary platform serving gig workers, shift workers, freelancers, and zero-hour contract workers for employer clients. Regulated by the UK Financial Conduct Authority (No. 923788), the Danish FSA, and the Netherlands AFM, the company operates as both a technology provider and a licensed insurance intermediary across 35-plus countries. Its platform bridges a structural gap in the flexible workforce market -- providing insurance, earned-wage access, and curated marketplace benefits to populations historically excluded from employer-sponsored coverage.

The platform integrates with employer HR and workforce management systems to deliver customizable benefit levels driven by shift data. Core capabilities include on-demand pay (earned wage access released after each shift), accident and sickness insurance, and a white-labeled card issuing solution for benefit disbursement. The Adyen partnership underpins real-time payouts across the UK and card issuing in multiple markets.

Onsi serves over 900,000 workers globally and has raised USD 22.6M in total funding. The investor base includes NFX, Prosus Ventures, Stride, and Zurich Insurance, which made a strategic investment in November 2024. Notable employer clients include Evri and Addison Lee.

Products & Services

Onsi Pay

On-demand pay product allowing workers to access earned wages immediately after completing a shift, without waiting for traditional payroll cycles. Employers configure access frequency (per-shift, daily, or weekly) and choose whether to absorb or pass through transaction fees.

Key Features

Real-time payouts powered by Adyen infrastructure
No pre-funding required for employers
Configurable access frequency per employer policy
Compatible with existing payroll and HR systems

Target Users: Employers with gig, shift, or flexible workforces; workers seeking immediate access to earned income

Insurance Products

Accident and sickness coverage designed for self-employed and flexible workers. Products are underwritten in compliance with UK FCA and EU insurance regulations, extending protection typically reserved for permanent employees.

Key Features

Accident and sickness coverage for non-traditional employment arrangements
Regulatory compliance across UK and EU jurisdictions
Delivered through the Onsi platform

Target Users: Gig workers, freelancers, zero-hour contract workers

Onsi Marketplace

Curated deals, discounts, and benefits from partner retailers and service providers, accessible through the Onsi platform. Provides workers additional financial value beyond insurance and pay products.

Key Features

Curated retail and service partner discounts
Delivered via the Onsi platform and worker-facing app
Complements insurance and pay benefit offerings

Target Users: Workers enrolled via employer clients

Digital Benefits Platform

Core platform infrastructure supporting customizable benefit levels, shift data integration, and white-labeled physical and virtual card issuing for benefit distribution across multiple markets.

Key Features

Shift data integration for benefit personalization
White-labeled card issuing (physical and virtual)
Multi-country support across 35-plus markets
Employer dashboard for benefit configuration

Target Users: Employers, HR and workforce management teams

At a Glance

Headquarters: London, UK and Amsterdam, Netherlands
Employees: 51-200
Funding: Series B

Category & Focus

Category: Specialty Solutions
Subcategories: Embedded Insurance Earned Wage Access Employee Benefits Platform
Insurance Verticals: Group Benefits Specialty/E&S
Target Customers: Employers, Consumers