Tint Raises a $25M Series A Round Led by QED Investors to Enable Tech Platforms to Become Insurers
Tint empowers companies to protect end-users from risks inherent in their products and services with embedded insurance
Tint, the platform that empowers companies to protect their end-users through unique embedded insurance products, today announced that it raised
Right now, many tech platforms are replacing insurers by creating their own protection plans to remove risks that their end-users face. These companies have unfair advantages over insurers: access to users, tons of data for underwriting, and no additional acquisition costs. The end users get their protection directly from the brands they love when they need it.
The challenge with this is that it's incredibly hard for tech platforms that don't have insurance as their core business to achieve the full potential of their protection products without support. Tint solves this challenge by providing the infrastructure and easy-to-use technology that allows tech platforms to create unique ways to protect their customers. The easy-to-use technology provides everything from software to risk capital to compliance, with flexibility to cover unique risks. Put simply, Tint enables tech platforms to choose how much of the risk they want to keep and how much they'd like to transfer to insurers or reinsurers.
Tint works with leading tech companies including Deel, Guesty, Outdoorsy, Neighbor, Riders Sharen, and CitizenShipper, and has powered policies that have protected millions of users and generated tens of millions of dollars in premium. With this new funding, Tint plans to expand its remote-first team from 20 members to over 100, with a focus on growing its product, engineering, and sales teams. Additionally,
"We're living through the biggest transformation in insurance since it was invented, with the potential to affect hundreds of thousands of companies and billions of consumers,” said Matheus Riolfi, Co-founder and CEO at Tint. “Most people think that embedded insurance is about distribution, but the seismic shift comes in the products that reinvent how people consume insurance. As early employees at Turo, we saw an opportunity to launch the infrastructure that will power this revolution. We're excited to partner with QED and our existing investors to help tech platforms protect their customers with unique insurance products."
About Tint
Tint empowers tech platforms to sell more by embedding unique insurance products that protect their end-users. Customers like Deel, Guesty, Outdoorsy, Neighbor, Riders Share, and CitizenShipper, work with Tint to unlock the growth of their core business by protecting users and improving profitability. Through a simple API and no-code app, Tint provides a full stack solution for compliance and access to insurers. Tint was founded in 2018 by Matheus Riolfi and
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Matheus Riolfi, Co-founder CEO
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