It’s an all-Magic City deal: A Birmingham-based insurance disruptor has acquired a digital travel booking firm also based in the area.
Insured Nomads, which provides health insurance to remote workers, expatriates and travelers, has announced the acquisition of Peanut for an undisclosed amount.
Peanut provides a Chrome extension with travel information for users, such as health risks, weather guidance, entry requirements, hotel history, flight delay risks and insurance requirements for destinations.
The COVID-19 pandemic, with travel restrictions and requirements, illustrated the challenges of contemporary international travel. For example, more than 20 countries require insurance policies to enter, according to Insured Nomads. Peanut provides travelers with quotes from insurance plans for almost any country in the world.
“At Insured Nomads, we help travelers move around the world as safely and smartly as possible, and that starts with booking,” Insured Nomads CEO Andrew Jernigan said in a statement. “We acquired Peanut because it’s game-changing traveltech. Delivering this type of essential travel information has simply never been done before.”
Taking its name from the packets air travelers receive on planes, Peanut provides updated data on destinations, and was developed by a team of alumni from Facebook, LinkedIn and Google.
“Having access to the right information and travel products, such as insurance, is vital to exploring the world or working remotely today,” Peanut CEO Brady Simpson said. “That’s why we created the tool during Covid-19.”
