# Walnut

> Unlock embedded insurance

## At a glance

| Field | Value |
| --- | --- |
| Category | Distribution & Sales |
| Type | Solutions Provider |
| Region | NA |
| Headquarters | Toronto, Ontario, Canada |
| Founded | 2020 |
| Stage | Startup |
| Employees | 11-50 |
| Funding | Seed |

## Overview

Walnut is an embedded insurance distribution platform for consumer-facing brands and financial institutions in Canada. The company provides the technology infrastructure, carrier network, and compliance framework that allows non-insurance businesses to add insurance distribution to their digital products without building insurance capabilities in-house. As of early 2026, the platform supports 20+ insurance products across life, P&C, and specialty lines sourced from 15+ carriers.

The platform is delivered as a REST API with no-code and low-code integration options, enabling partners to launch branded insurance experiences within their own products. The company offers co-branded consumer flows and headless integration modes, with policy management and instant quoting included. Partners can go live in 30 days or less.

Walnut raised CAD 8.6M across pre-seed and two seed rounds from investors including NAventures, ATB Financial, TELUS Global Ventures, Diagram Ventures, Portage, and Highline Beta. Customers include Neo Financial, RBC Royal Bank, BMO Insurance, TELUS, and Tim Hortons.

## Products & services

### Embedded Insurance Platform

Core platform for integrating insurance purchasing into partner digital products. Supports co-branded consumer experiences and headless API integrations, with instant quoting, enrollment, and policy management included.

**Key features:**

- Access to 20\+ insurance products from 15\+ carriers
- Co\-branded and headless integration modes
- Policy management and administration built in
- Go\-live in 30 days or less

*Target users:* Financial institutions, fintechs, consumer brands, telecommunications companies, mortgage brokerages

### REST API

Modern REST API enabling deep integration with partner platforms. Partners integrate once to gain access to Walnut's full carrier and product network.

**Key features:**

- Single integration for full product library
- Supports custom UX and white\-label implementations
- Developer documentation and tooling

*Target users:* Brands with internal development resources

### No\-Code Integration

Low-code and no-code tooling enabling partners to launch insurance programs without development resources.

**Key features:**

- Under one day for simple use cases
- Pre\-built insurance journey templates
- Requires no insurance expertise

*Target users:* Brands without dedicated engineering teams

### Insurance Product Library

Library of 20+ insurance products available through the platform:

**Key features:**

- Group life, AD&D, and critical illness coverage
- Home, auto, tenant, and landlord insurance
- Term life insurance
- Travel insurance
- Mobile device protection
- Cyber protection
- Product warranties
- Balance and mortgage protection
- Small business and commercial coverage
- Credit card insurance and premium plan offerings

### FlexTech \(Launched March 2026\)

Partnership with Securian Financial to deliver flexible group benefit solutions through the Walnut platform.

### SymendPrevent \(Launched February 2026\)

Partnership with Symend offering proactive financial wellness and protection tools through embedded channels.

## Category & focus

- Subcategories: Embedded Insurance, Insurance\-as\-a\-Service, API Distribution
- Insurance verticals: Life & Annuity, P&C Personal, P&C Commercial, Group Benefits, Specialty/E&S
- Target customers: Carriers, Brokers, Consumers

## Notable customers

- Neo Financial \(embedded card, mortgage, and app insurance; 1M\+ users\)
- RBC Royal Bank \(travel insurance\)
- BMO Insurance \(pet insurance\)
- TELUS Communications \(geolocation\-based travel insurance\)
- Tim Hortons \(embedded insurance\)
- Pineapple Financial \(mortgage brokerage insurance add\-on\)
- CloudTax \(tax software embedded insurance\)
- Nyble \(fintech embedded insurance\)
- ATCOenergy/Rumi \(home appliance and systems warranties\)
- Yoo Financial \(embedded insurance\)
- KOHO \(embedded insurance\)
- Rize \(embedded insurance\)

## Links

- Website: <https://www.gowalnut.com>
- Directory profile: <https://insurtechlist.com/companies/walnut/>
- Blog: <https://www.gowalnut.com/blog>
- Linkedin: <https://ca.linkedin.com/company/gowalnut>
- Press/news: <https://www.gowalnut.com/press>

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*Last updated: 2026\-05\-11*