FinTech Magazine - May 2022 | Page 81

DISTRIBUTED VENTURES
to the back-end reconciliation process amongst brokers and carriers . Equipped with a dynamic founding team and strong set of investors , we look forward to continuing to support Ascend as they transform the industry ."
Ascend Ascend is the first end-to-end platform within the insurance industry that provides automated all-in-one payments , premium financing , collections , and payables . Selling to brokers , carriers , MGAs , and digital native insurtech companies , Ascend condenses the flow of funds timeline improving policy retention , increasing revenue , and moving money ( ie commission / premium ) more quickly .
“ Ascend is rebuilding critical payment infrastructure that has largely remained untouched for the last several decades . As they look to accelerate progress well beyond incremental improvements , Distributed Ventures is helping Ascend enhance the payment experience while bringing efficiency
TrustLayer TrustLayer ’ s insurance management platform allows companies to automate the verification of insurance , licences , and compliance documents . The company has developed technology to streamline the collection , management and review process through one integrated offering , enabling companies to reduce error-prone manual compliance tasks and quickly identify issues related to noncompliance . TrustLayer ’ s multi-channel approach to distribution includes selling directly to enterprises ( B2B ) and leveraging channel partnerships ( B2B2B ), including brokerages and associations . Trustlayer leverages powerful network effects to grow distribution organically , i . e ., vendors and their brokers validating insurance through the platform become top of the funnel leads for TrustLayer to pursue .
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