(Ascend Team, left to right: Andrew Wynn, Eddie Ruvalcaba, Praveen Chekuri, Nick Rockwell and Jaskirat Khangoora. Source: Ascend.)
Ascend (Palo Alto, Calif.), an insurance payments platform offering automated all-in-one financing, collections, and payables, has raised $5.5M in seed investment funding. The round was led by First Round Capital (San Francisco), with participation from Susa Ventures (San Franscisco), FirstMark Capital (New York), Box Group (New York).
In describing its offering Ascend says its payments APIs automate insurance payments end-to-end, from online point of sale with “buy now, pay