Fundz

Insurepay Secures Series B Investment From Aquiline Technology Growth

PRIVATEJan 11, 2022

Round Type

Series B

NashvilleFinancial ServicesSoftwarePaymentsInsurance

Description

InsurePay, a leading Insuretech Property and Casualty (P&C) billing and payments platform, including workers' compensation insurance premium billing and payments, announced today that it has secured a Series B investment led by Aquiline Technology Growth with significant participation from FINTOP Capital and other strategic investors. InsurePay used part of the proceeds to acquire Split Limit Studios and its TRUPAY solution. As part of the acquisition, George Kostakos, chief executive officer of Split Limit Studios, has joined InsurePay as chief revenue officer. The combined company will operate under the InsurePay brand and InsurePay will continue to support both solutions in the near term as it transitions to a shared best-in-class offering

Quick answer

InsurePay raised an undisclosed amount in a Series B round, dated January 11, 2022. InsurePay is based in Nashville, Tennessee, United States.

How much did InsurePay raise?
InsurePay raised an undisclosed amount in a Series B round on January 11, 2022.
What does InsurePay do?
InsurePay provides insurance carriers, agents, and policyholders with flexible, technology-driven solutions that modernize premium billing and payment processes.
Where is InsurePay based and how big is it?
InsurePay is based in Nashville, Tennessee, United States. Fundz records about 56 employees.
Who are the decision-makers at InsurePay?
Fundz holds 1 contact at InsurePay. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Payments around the same time

Companies in the same sectors as InsurePay that raised within 45 days of this round, from Fundz verified event records.

  • Anchorage Digital raised $350M (Series D) on December 15, 2021.
  • Anchorage Digital raised $350M (Funding Round) on December 15, 2021.
  • Parallel Markets raised $7.2M on February 24, 2022.
  • PayMongo raised $31M (Series B) on February 21, 2022.
  • Trace Finance raised $4.3M (Seed) on February 15, 2022.
  • kWh Analytics raised $20M (Funding Round) on February 8, 2022.

Who to call at InsurePay, and when

A new round usually means InsurePay is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day InsurePay raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at InsurePay, from your own LinkedIn network

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Company Information

Company

InsurePay

Location

Nashville, Tennessee, United States

About

InsurePay provides insurance carriers, agents, and policyholders with flexible, technology-driven solutions that modernize premium billing and payment processes. The company's platform offers real-time accuracy, improved cash flow, and a seamless digital experience, delivering advanced capabilities such as Pay-As-You-Go billing, payment reconciliation, and data integration.

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Fundz sees it the moment InsurePay raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

InsurePay raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.