TONI Digital

TONI Digital is a Swiss white-label insurance provider that offers personal and commercial insurance lines such as auto, payment protection, and life insurance. The company operates under a B2B2C model providing its solutions via APIs and its cloud-based platform. In addition, it allows insurers to customize their value-chain by selecting which functions to manage in-house and which to outsource. TONI Digital also offers solutions for insurance carriers to configure and automatically generate their insurance products as APIs. 

Key customers and partnerships 

As of January 2023, the company had served over 10,000 customers and offered its coverages in partnership with several insurance companies such as Munich Re, Helvetia, Vaudoise, Assista, and ERV.

Funding and financials 

In January 2023, it raised USD 12.5 million in a Series B funding round led by a consortium of investors along with existing investors. It had planned to utilize the funds to leverage its platform to launch new insurance lines and products, as well as to expand its sales, underwriting, engineering teams, and geographical presence across Europe. It also aimed to use the proceeds to develop no- and low-code solutions.