Walnut

Unlock embedded insurance

Distribution & Sales Startup 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.

At a Glance

Founded: 2020
Headquarters: Toronto, Ontario, Canada
Employees: 11-50
Funding: Seed

Category & Focus

Category: Distribution & Sales
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