For Ascend, 2022 has been a very good year, even as the technology investor market hit a big downturn.
Ascend launched in 2021 with its insurance payments platform. The company’s business model helped it raise $30 million in Series A financing in January 2022 and also secure a $250 million lending commitment. Backed by the new financing, Ascend has added many new customers and expanded its market reach.
“One of the biggest changes is we’ve graduated from what we could call Main Street small insurance agencies … to two different types of customers,” said Ascend co-founder and co-CEO Andrew Winn (pictured).