Ascend Raises $30M Series A And Secures $250M Lending Commitment To Boost Modern Insurance Payment Offerings
Ascend Raises $30M Series A And Secures $250M Lending Commitment To Boost Modern Insurance Payment Offerings
01/27/22, 9:02 AM
Money raised
$30 million
Round Type
series a
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.