Pineapple Financial partners with Walnut Insurance

Canadian mortgage company Pineapple Financial announced a partnership with Walnut Insurance.

As part of the partnership, Walnut’s P&C insurance products will be integrated into Pineapple’s deal management system, enabling brokers to request insurance quotes for clients at specific deal stages.

The mortgage broker has ~700 brokers in its network and for its third 2024 fiscal quarter ended May 31, 2024, Pineapple reported $736k in revenue.

“We are super excited about this opportunity with Walnut. Every Canadian must purchase insurance as part of the mortgage process. This offering makes it super simple for applicants to receive quotes and purchase insurance within our dashboard. We see this as a significant revenue stream going forward.” – Shubha Dasgupta, CEO of Pineapple Financial Inc.

“This partnership marks a monumental advancement for our brokers and their clients. The automated PineappleONE enhancement allows brokers to effortlessly shop for property insurance across multiple providers at the most crucial moments. It is particularly beneficial for first-time home buyers, reducing stress and simplifying the overall experience.” – Kendall Marin, Pineapple’s President and COO.

“We are thrilled to provide Pineapple and its brokers with an integrated home and auto insurance offering. Pineapple’s clients can now protect their biggest investment-their home-in minutes with our new P&C insurance offering.” – Derek Szeto, Co-founder and CEO of Walnut.