Onsi

Onsi

Helps top-notch platforms protect their independent workers with sick and injury pay, mental health support, everyday savings, and more. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023
Revenues1.1m2.9m9.4m9.4m
% growth-176 %223 %-
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DateInvestorsAmountRound
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N/A

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£3.3m

Seed

£6.0m

Seed

$10.0m

Early VC

N/A

Support Program

N/A

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Total Funding$22.3m

Recent News about Onsi

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More about Onsiinfo icon
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Onsi is a dynamic startup operating in the insurance and benefits sector, specifically targeting the gig economy and self-employed individuals. The company provides a comprehensive suite of benefits designed to offer financial security and enhance worker engagement. Onsi's primary clients include on-demand workers, freelancers, and companies employing gig workers, such as Addison Lee, a prominent UK-based private hire company.

Operating within the UK and EU markets, Onsi functions as an insurance intermediary. This means they act as a middleman between insurance providers and the end-users, ensuring that the benefits packages are tailored to the unique needs of gig workers. The startup's business model revolves around offering insurance and financial benefits that are typically available only to full-time employees at large companies. These benefits include health insurance, instant payments, cashback rewards, and savings on popular brands.

Onsi makes money through commissions and fees from insurance providers and possibly through subscription fees from companies that want to offer these benefits to their gig workers. By partnering with industry giants in insurance, Onsi ensures that the benefits are robust and reliable, thereby attracting more clients.

The company emphasizes ease of administration, claiming that managing these benefits can take as little as an hour a month. This low administrative burden is a significant selling point for businesses looking to offer competitive benefits without the hassle of extensive management.

In summary, Onsi is revolutionizing the way benefits are provided to gig workers, offering them financial security and incentives that drive loyalty and engagement. This approach not only helps workers but also gives companies a competitive edge in retaining their workforce.

Keywords: gig economy, insurance intermediary, financial security, instant payments, cashback rewards, self-employed, worker engagement, UK, EU, Addison Lee.

Tech stack

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