Onsi
An easy way to reward workers
SECURITY FOR FREELANCERS
Onsi are building a safety net for freelancers and the self-employed.
They provide their members with access to an exclusive range of protections, benefits, and perks normally reserved for big company employees.
They have researched and negotiated the best possible deals, using their collective buying power to guarantee the lowest possible prices.
Insurtech Gateway incubated Onsi – then known as Collective Benefits – in April 2019. They led their Pre-Seed in July 2019, participated in their £3.3m Seed in February 2020 and their £6m Series A in July 2021.
THE FREELANCE ECONOMY
The market opportunity for Onsi is significant and growing. Currently there are 5m freelancers in the UK, 11m in EU and 62m in USA. Every report and statistic predicts continued and significant growth, with many suggesting that by 2030 freelancers will make up the majority of the workforce in all three regions.
Initially operating in the UK with plans for international expansion, Onsi will partner with forward thinking and responsible freelance platforms and communities who want to protect, reward and support their members, as well as offering membership directly to consumers.
ONSI FOUNDERS
Anthony Beilin (CEO) – Previously, Anthony was Global Head of Innovation at Aviva and Founder & COO at unBound Innovations.
Benjamin Hay (COO) – Previously, Benjamin was Director of Strategy & Operations at Virgin Unite and Barrister at Temple Garden Chambers.
“We felt the Insurtech Gateway was the perfect partner to help us build a benefits platform to improve workers’ financial lives. Protecting workers with the key insurance they need to safeguard their earnings is so important, and Insurtech Gateway has been a key part of our vision of making a world of work where everyone wins.”
Anthony Beilin, CEO at Onsi
Collective Benefits Raises £6m
Collective Benefits raises £6m to expand the safety net for independent workers. Investment round led by NFX, with participation from existing investors Stride VC, Delin Ventures, Insurtech Gateway and executives from Uber, Deliveroo and Urban. …
Challenges of starting an insurtech
Guest blog from Benjamin Hay, Co-Founder, Collective Benefits Insurtechs have specific barriers to entry When my co-founder, Anthony Beilin, and …
Stepping up to protect the self-employed
Guest blog by Benjamin Hay, COO and Co-Founder, Collective Benefits. Now more than ever it’s important to fight for better …
“The rise of the gig economy has become synonymous with the erosion of worker protections, underinsurance and a growing protection gap. The insurance industry faces a huge challenge to keep up. Simply, new ways of working require new ways of thinking about worker protection.
Like us, Onsi believe that combining new technologies with innovative product design has the power to fundamentally change insurance for the better. A team of ex-freelancers themselves, with deep expertise across a range of fields inside and outside of insurance, we’re backing Onsi to empower the gig economy by providing workers with the protections they deserve.”
Richard Chattock, CEO at Insurtech Gateway