Ascend

The AI-driven finance automation platform for insurance retailers, intermediaries, and carriers.

General Information
Company Name
Ascend
Founded Year
2021
Location (Offices)
San Francisco, United States +1
Founders / Decision Makers
Number of Employees
59
Industries
Finance, Fintech, Insurance +1
Funding Stage
Debt Financing
Social Media

Ascend - Company Profile

Ascend is a finance automation platform focused on the insurance industry, offering its services to retailers, brokers, MGAs, and carriers. Founded in 2021, Ascend's mission is to enhance the profitability of insurance businesses by increasing revenue and reducing operational expenses through administrative process automation, financial insights, and treasury management. With a customer base of 3,000+ insurance businesses, ranging from startups to publicly traded companies, Ascend aims to streamline financial operations within the sector.

The company recently secured a $250.00M Debt Financing investment on 27 January 2022, signaling strong investor confidence in its capabilities. Ascend's headquarters are located in the United States. Notably, the company is actively hiring across go-to-market, engineering, and business functions. Individuals interested in contributing to Ascend's mission can reach out to the company at [email protected]. Overall, Ascend's innovative approach to finance automation in the insurance industry, coupled with its recent substantial investment, positions it as a noteworthy player in the finance, fintech, insurance, and insurtech sectors.

Taxonomy: Insurance technology, Financial automation, Payments solution, Insurance retail, Brokerage management, Financial insights, Treasury management, Premium financing, Operational efficiency, Billing automation

Funding Rounds & Investors of Ascend (3)

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Funding Stage Amount No. Investors Investors Date
Debt Financing $250.00M - 27 Jan 2022
Series A $30.00M 10 Marc Bhargava, Zachary Perret +4 27 Jan 2022
Seed Round $5.50M - 15 Sep 2021

Latest News of Ascend

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No recent news or press coverage available for Ascend.

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