When we started Ascend in March 2021 we knew first-hand the need for a payments infrastructure product for insurance. However, what surprised us as we went to market was the degree of pain insurance distributors are feeling and the subsequent market pull for Ascend’s payments solution. We are excited to implement this new round of financing with support from incredible partners and investors, to keep up with the demand for Ascend’s solution and meet the needs of our current and potential customers in this critically important market.
Insurance, and especially its underlying enabling technologies, is often invisible yet it has become one of the most powerful processes that enables innovation further along the value chain. Today we’re excited to announce our seed round at Ascend, the first modern insurance payments platform.