Swiss startup turning rainy days into refunds launches first product

Zurich-based startup Poncho has officially launched its weather insurance platform — and bagged some fresh funding to boot.   Founded in 2023, the company aims to transform how the travel and hospitality industries handle unpredictable weather.  Poncho’s tech integrates with booking systems, allowing customers to opt for weather protection at checkout. If bad weather, such as heavy rain or wind, occurs during their scheduled event or trip, a refund is processed automatically. You don’t need to file a claim. Maybe torrential rains turn your Alpine ski trip to slush or maybe you’ve splurged on a Mediterranean yacht adventure only to have…

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