Ascend is the modern insurance payments platform that provides automated all-in-one financing, collections, and payables.
Ascend automates insurance payments end-to-end: from online customer payments and financing to the distribution of commissions and carrier payables.
Ascend was founded in 2021 by Andrew Wynn and Praveen Chekuri. The company is headquartered in Palo Alto, California.
Ascend helps distributors sell more by eliminating labor-intensive, expensive processes while providing customers with the great online checkout and financing experience they've come to expect.
Ascend technology revolves around payments APIs that automate end-to-end insurance payments. The company offers a buy now, pay later financing option for distribution of commissions and carrier payables.
Ascend is operating nationally in all 50 states working with industry-leading customers including Vouch, Cowbell, Newfront, Boost Insurance, NFP, LuckyTruck, Rogue Risk, Portal Insurance, and Riskwell.
Ascend is backed by Index Ventures, HSCM Bermuda, Distributed Ventures, NFP, XYZ Ventures, and others. The company raised $30M in Series A and $250M in debt financing on Jan 27, 2022. This brings Ascend's total funding to $285.5M to date.