Ascend
Comprehensive Accounting Automation for Insurance Agencies, MGAs, and Carriers
Overview
Ascend is a modern, all-in-one finance automation platform purpose-built for insurance retailers, brokers, MGAs, and carriers. The company automates insurance payments end-to-end, from online customer payments including premium financing to the distribution of commissions and carrier payables.
Founded in 2021 by two-time insurtech entrepreneurs Andrew Wynn and Praveen Chekuri, Ascend addresses the critical gap in insurance payments infrastructure. By automating all post-placement activities - from invoicing to premium financing to carrier payables to reconciliation between trust and operational accounts - Ascend empowers agencies to streamline their operations and focus on growth.
Ascend works with 3,000+ insurance businesses ranging from startups to publicly traded companies. The platform has been recognized by CB Insights as one of the 50 most promising private insurtech companies in the world (Insurtech 50) and was named to FinTech Global's AI FinTech 100 for 2025.
Products & Services
Invoicing
Automated invoice generation and management for insurance policies.
Key Features
- Automated invoice creation
- Policy-linked invoicing
- Multi-policy billing support
Target Users: Insurance agencies, MGAs, wholesalers
Payments
Modern payment processing and collections platform for insurance premiums.
Key Features
- Online payment portal
- Multiple payment methods
- Automated payment reminders
Target Users: Insurance agencies, policyholders
Premium Financing
Integrated premium financing solution with instant approval and paperless process.
Key Features
- Instant financing approval
- Paperless application process
- Competitive rates
- Automated payment scheduling
Target Users: Insurance agencies, policyholders
Installments
Flexible payment plan options for premium payments.
Key Features
- Customizable payment schedules
- Automated installment management
- Reduce cancellations
Target Users: Insurance agencies, policyholders
Carrier Payables
Automated carrier payment management and reconciliation.
Key Features
- Automated carrier payments
- Statement reconciliation
- Trust account management
Target Users: Insurance agencies, MGAs
Commission Remittance
Automated commission calculation and distribution.
Key Features
- Automated commission calculations
- Revenue recognition
- Commission distribution
Target Users: Insurance agencies, MGAs, wholesalers
Direct Bill Automation
Streamlined direct billing processes for carriers.
Key Features
- Automated direct bill tracking
- Commission reconciliation
- Carrier payment integration
Target Users: Insurance agencies, carriers
Billing Portal
Customer-facing payment interface for policyholders.
Key Features
- Modern checkout experience
- Self-service payment options
- Policy and payment history
Target Users: Policyholders, insureds
Cash Application
Automated cash reconciliation between payments received and invoices.
Key Features
- Automated matching
- Trust account reconciliation
- Exception handling
Target Users: Insurance agencies, finance teams
Reporting
Financial and operational reporting for insurance payments.
Key Features
- Financial dashboards
- Revenue reporting
- Operational analytics
Target Users: Agency principals, finance teams
At a Glance
- Founded
- 2021
- Headquarters
- New York, NY
- Employees
- 11-50
- Funding
- Series A
Category & Focus
- Category
- Billing & Payments
- Subcategories
- Premium Financing Accounts Receivable Automation Accounts Payable Automation Commission Management
- Insurance Verticals
- P&C Specialty
- Target Customers
- Brokers, MGAs, Carriers, Agents
Customers
- Vouch
- Cowbell
- Newfront
- Boost Insurance
- NFP
- LuckyTruck
- Rogue Risk
- Portal Insurance
- Riskwell
- Cross Insurance
- Insurica
- Pathpoint
- Blitz
- Nirvana
Last updated: 2026-04-09