Swiss Insurtech Toni Digital Closes $12.5M Series Bby Fintechnews Switzerland January 11, 2023
Zurich-headquartered startup TONI Digital has secured $12.5 million in a Series B funding round.
The company is a digital insurance-as-a-service provider, offering personal and commercial insurance lines such as motor insurance, payment protection insurance, and life solutions on top of its market-leading insurance technology platform. The company primarily pursues a B2B2C approach, working with leading retail and insurance brands as well as brokers on the distribution side.
The round was led by a consortium of distinguished investors and included the participation of existing investors, who continue to believe in the success and growth of the company.
“The funding is a clear manifest of the filled pipeline of new distribution partners, the continued growth, as well as the attractiveness of TONI’s business model. The demand for digital, embedded and specialised high-value insurance programmes and solutions will further grow to serve customer’s expectations and demands.”
says Philippe Regazzoni, Director of the board.
Featured image: Bernard El Hage, Chief Executive Officer of TONI Digital, background image edited from Freepik