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Ascend
Insurance payments platform
- 21-100 employees
- B2B
- Insurance
- Payments
- Lending
- Automation
- SoMa, San Francisco, CA
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Company mission
To help insurance companies make it easier for people to protect the things they care about.
5% employee growth in 12 months
Our take
Ascend has developed a platform that allows its insurance clients to offer customers end-to-end payment services. These include seamless checkout via a variety of methods, premium financing, payment reminders, and automated payables. In this way it helps cut down burdensome processing time and expenses, and boosts marketing efforts by improving retention - all in all making for a more efficient financial infrastructure for the insurance sector.
The company is already live in all 50 states, and is now on a talent recruitment and platform expansion boom with the help of new funding. Perhaps most interestingly, it’s taken on debt financing to fund a buy-now-pay-later premium financing model.
This may prove to be the feather in this fledgling insurtech company’s cap: it’s helped boost client’s financing adoption rates from 40% to 80% in some cases, and chimes with a broader and growing consumer preference for BNPL schemes.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Company outings and offsites
- 100% health premiums covered for you and your dependents
- 401k with employer matching options
- Flexible time-off policy
- Monthly company-paid commuter benefit options
- Parental and family leave
- Lunch provided when in office
- In accordance with Ascend policies and our commitment to prioritizing the health and safety of our employees, all positions will require proof of COVID vaccination prior to entering the office. Guests who visit the office must also provide proof of vaccination prior to entry. Our COVID-19 health and safety protocols may change over time as local and national guidance and regulations evolve
Funding (2 rounds)
Jan 2022
$30m
SERIES A
Sep 2021
$5.5m
SEED
Total funding: $35.5m
This company has top investors
Leadership
Andrew Wynn
(Co-CEO)Has held tech-oriented management roles at Instacart and Looker, then went on to found home maintenance company Sheltr. This was acquired by Hippo Insurance, where he subsequently served as director of home care.
Praveen Chekuri
(Co-CEO)Worked as a software engineer at Ridecell, Instacart, and Houseparty. Also co-founded Whale and Sheltr, then moved into a director of engineering role at Hippo Insurance.