About Ascend
Ascend is a company based in Palo Alto (United States) founded in 2021 by Praveen Chekuri and Andrew Wynn. It operates as a SaaS (Software-as-a-Service), FinTech, and InsurTech. Ascend has raised $35.5 million across 3 funding rounds from investors including FirstMark, Hudson Structured Capital Management and Index Ventures. The company has 39 employees as of December 31, 2024. Ascend offers products and services including Accounting Automation Solution, Invoicing and Payments, and Direct Bill Automation. Ascend operates in a competitive market with competitors including Functional Finance, InsurePay, SCIO Health Analytics, VPay and GoFetch Pay, among others.
- Headquarter Palo Alto, United States
- Employees 39 as on 31 Dec, 2024
- Founders Praveen Chekuri, Andrew Wynn
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Sectors
Financial Services
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Email
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Phone
Locked
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Website
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Social
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- Legal Name Slash Eureka, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$35.5 M (USD)
in 3 rounds
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Latest Funding Round
$250 M (USD), Debt – Conventional
Jan 28, 2022
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Investors
FirstMark
& 29 more
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Employee Count
39
as on Dec 31, 2024
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Products & Services of Ascend
Ascend offers a comprehensive portfolio of products and services, including Accounting Automation Solution, Invoicing and Payments, and Direct Bill Automation.
Comprehensive automation for insurance invoicing and payments provided.
Streamlined invoicing and payment processes for insurance offered.
Automated direct billing solutions for insurance operations delivered.
People of Ascend
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Sales and Marketing
5 people
Leadership Team
4 people
Head Team
2 people
Data Analysis and Operations Team
1 people
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Funding Insights of Ascend
Ascend has successfully raised a total of $35.5M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $250 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Ascend
Ascend has secured backing from 30 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include FirstMark, Hudson Structured Capital Management and Index Ventures.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology startups and entrepreneurs.
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Investments in insurtech, fintech, and health-tech startups are made.
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Venture capital firm focused on fintech & insurtech sectors
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Investor details for Ascend
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Ascend
Investment portfolio details for Ascend
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Financial Statements - Ascend
Detailed financials for Ascend
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Ascend Comparisons
Peer comparison for Ascend
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Competitors of Ascend
Ascend operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Functional Finance, InsurePay, SCIO Health Analytics, VPay and GoFetch Pay, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online payment platform for insurance companies
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Cloud-based payroll integration is provided for insurance premium collection.
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Provides payment integrity solutions for healthcare organizations
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Payment solutions provider for insurers
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Pet insurance payment solution that allows pet owners to pay their vet bills
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Detailed competitors of Ascend
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Latest news on Ascend
Complete news archive for Ascend
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Frequently Asked Questions about Ascend
Ascend was founded in 2021.
Ascend is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Praveen Chekuri is the current CEO of Ascend. They have also founded this company.
Ascend is a funded company, having raised a total of $35.5M across 3 funding rounds to date.
As of Dec 31, 2024, the latest employee count at Ascend is 39.
Comprehensive financial technology solutions are offered by Ascend to unify insurance invoicing, payments, and accounting tasks. Services are designed for agencies, wholesalers, MGAs, and carriers to improve revenue, margins, and customer experience. Operations are streamlined through integrations with existing technology, reducing administrative expenses. Enhanced security measures are implemented to protect sensitive payment information and ensure compliance. A modern payment experience is delivered to meet customer expectations across the insurance sector.
Ascend's top competitors include Functional Finance, SCIO Health Analytics and InsurePay.
Ascend offers Accounting Automation Solution, Invoicing and Payments, and Direct Bill Automation.
Ascend has 30 investors. Key investors include FirstMark, Hudson Structured Capital Management, Index Ventures, Distributed Ventures, and NFP Venture.