iink Payments

Streamlining insurance claim check processing and multi-party payment disbursement

Claims Technology Growth Series A

Overview

iink Payments is a fintech platform specializing in insurance claim check processing and multi-party payment management for the property restoration and insurance claim industries. The platform accelerates the distribution of insurance claim proceeds through ACH and real-time payment (RTP) disbursements to multiple stakeholders, eliminating the delays associated with traditional multi-party check processing.

The company addresses a persistent friction point in property claims: when multiple parties (homeowner, contractor, mortgage servicer) are listed on a claim check, coordination for endorsements and fund disbursement can take weeks. iink digitizes this process, enabling funds to reach the right parties in hours rather than days. As of 2024, the platform has processed over USD 2.5 billion in insurance claim checks across 120,000+ transactions, serving 30,000+ unique stakeholders.

Founded in 2017 and headquartered in Tampa, Florida, iink Payments has raised USD 23M across multiple rounds including a USD 12M Series A in October 2023 led by Headline. The company serves contractors, public adjusters, property attorneys, homeowners, and mortgage servicers involved in property insurance claims.

Products & Services

Remote Check Capture

Digital upload and processing of claim checks via photo technology, enabling policyholders and contractors to submit claim checks without visiting a bank branch.

Key Features

Mobile photo capture of claim checks
Automated check validation and processing
ACH and real-time payment (RTP) disbursements to stakeholder bank accounts

Target Users: Homeowners, contractors, public adjusters

Multi-Party Payments

Coordinate payments between all parties listed on a claim check, routing funds simultaneously to each stakeholder through direct deposit.

Key Features

Simultaneous disbursement to multiple payees
Real-time payment tracking and status notifications
FDIC-insured fund custody via Aquia Bank
DIF insurance coverage exceeding standard USD 250,000 limits

Target Users: Contractors, mortgage servicers, property attorneys

Digital Endorsements

Electronic signature collection from all required payees on a claim check, replacing the cumbersome process of physically routing checks for wet signatures.

Key Features

Mobile-accessible endorsement workflow
Multi-party signature coordination
Audit trail and compliance documentation
Two-way in-app messaging between stakeholders

Target Users: All claim stakeholders

iink Pro (Mortgage Check Administration)

Dedicated service for coordinating claim check processing with mortgage servicers, including professional liaison support.

Key Features

Dedicated processing experts who contact mortgage companies on behalf of contractors
Integrated mortgage servicer coordination
Accelerates mortgage company endorsement timelines

Target Users: Contractors, public adjusters handling mortgaged properties

At a Glance

Founded: 2017
Headquarters: Tampa, FL, USA
Employees: 11-50
Funding: Series A

Category & Focus

Category: Claims Technology
Subcategories: Claims Payment Processing Multi-Party Disbursement Digital Check Endorsement
Insurance Verticals: P&C Personal P&C Commercial
Target Customers: Carriers, Consumers, Agents/Agencies