Ascend Raises $30M Series A And Secures $250M Lending Commitment To Boost Modern Insurance Payment Offerings
Jan 27, 2022•over 3 years ago
Amount Raised
$30 Million
Round Type
series a
Description
Ascend, the first modern insurance payments platform, today announced that they have raised a $30M Series A in equity funding, bringing the total funding raised to $39M along with a $250M lending commitment to finance insurance premium loans through its platform facilitated by Hudson Structured Capital Management Ltd. – doing its re/insurance business as HSCM Bermuda – an investment adviser that specializes in re/insurance, insurtech, and transportation investments.
Funding Insights
Based on industry dataTech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech