ATB Financial and NAventures, the corporate venture capital arm of the National Bank of Canada, served as the main investors in a $4 million seed round for embedded finance fintech Walnut Insurance. Also participating in the round were N49P, Highline Beta, and Harvest Ventures. Walnut ably represents the strong trend in the insurance sector for the utilization of embedded solutions.
Walnut Insurance Raises $4M to Power Embedded Insurance for Enterprise Brands and Accelerate Growth