# Ascend

> Comprehensive Accounting Automation for Insurance Agencies, MGAs, and Carriers

## At a glance

| Field | Value |
| --- | --- |
| Category | Billing & Payments |
| Type | Solutions Provider |
| Region | NA |
| Headquarters | New York, NY |
| Founded | 2021 |
| Stage | Growth |
| Employees | 11-50 |
| Funding | Series A |

## 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

## Category & focus

- Subcategories: Premium Financing, Accounts Receivable Automation, Accounts Payable Automation, Commission Management
- Insurance verticals: P&C, Specialty
- Target customers: Brokers, MGAs, Carriers, Agents

## Notable customers

- Vouch
- Cowbell
- Newfront
- Boost Insurance
- NFP
- LuckyTruck
- Rogue Risk
- Portal Insurance
- Riskwell
- Cross Insurance
- Insurica
- Pathpoint
- Blitz
- Nirvana

## Links

- Website: <https://www.useascend.com>
- Directory profile: <https://insurtechlist.com/companies/ascend/>
- Blog: <https://www.useascend.com/blog>
- News: <https://www.useascend.com/blog-categories/news>
- Linkedin: <https://www.linkedin.com/company/useascend>

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*Last updated: 2026\-04\-09*