About iink
iink is a Financial Services company based in Tampa (United States) founded in 2017 by Ryan Wetzel, Thomas McGrath, Ken Lollar, and Ryan Holliday. Property insurance claim payments are streamlined via digital multi-party processing. iink has raised $19.05 million across 4 funding rounds from investors including Simplex Investments, Headline and Motley Fool Ventures. Its chief executive, as recorded, is Thomas McGrath. Its website iink.com draws about 11 thousand monthly visits. iink offers products and services including iink Wallet and iink Platform. Its focus areas include FinTech, Payments, Business Payments and Industry Specific. Its legal entity is IINK, CORP. Its competitors include NovaData Solutions, Beam and Suppli; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 2017 and based in Tampa, United States, iink operates in the property insurance sector. A digital payment network is provided to facilitate efficient payouts for restoration professionals following insured property losses. Remote deposits, multi-party check capture, and electronic signatures are enabled, along with coordination involving mortgage companies. Tools for tracking check status and direct fund deposits to stakeholders are also included.
- Total Equity Funding$19.05M (USD)
in 4 rounds
- Latest Funding Round$13.25M (USD), Series A
Jul 2023
- InvestorsSimplex Investments
& 11 more
Products & Services of iink
iink offers a comprehensive portfolio of products and services, including iink Wallet and iink Platform.
Tool for managing insurance claim payments via digital uploads.
System for remote check deposits and electronic signatures.
Apps and channels of iink
its YouTube channel iink Payments has 114 subscribers and 30 videos.
Videos from iink
The most watched videos on iink's YouTube channel, iink Payments (114 subscribers). Click a video to play it here.
More on iink Payments.
Funding Insights of iink
iink has successfully raised a total of $19.05M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $13.25 million completed in July 2023. 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.
- Total Funding $19.05M
- Total Rounds 4
- Last Round Series A — $13.25M
- First Round $2.8M
(Mar 2022)
- Investors Count 12
All 4 funding rounds of iink with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2023 | $13.25M | Series A | – | Headline | |
| Nov 2022 | $3M | Seed | – | Grand Ventures | |
| May 2022 | $6.6M | Debt – Conventional | – | – | – |
| Mar 2022 | $2.8M | Seed | – | Motivate Venture Capital |
12 investors in total: 11 institutional and 1 angel.
Investors in iink
iink has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Simplex Investments, Headline and Motley Fool Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in early-stage tech startups across multiple sectors. | headline.com | San Francisco, United States | ||
Venture capital funding is provided to early-stage companies and entrepreneurs. | foolventures.com | Alexandria, United States | ||
Diversified investments are managed in enterprise technology sectors. | chartline.com | Wilmington, United States | ||
| silvercircle.vc | ||||
Early-stage venture capital fund investing in seed-stage B2B SaaS companies in emerging regions | grandvcp.com | Grand Rapids, United States | ||
Seed-stage investments in US technology startups are provided. | springtimeventures.com | Denver, United States | ||
Early-stage venture capital fund investing in B2B & B2C startups | motivate.vc | Chicago, United States | ||
Early-stage US startups are invested in by Green Egg Ventures. | greenegg.vc | New York, United States | ||
| fintechvc.us | ||||
| iuventures.com |
Investor details for iink
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of iink
4 people are tracked at iink (4 in leadership).
| Name | Role | Group |
|---|---|---|
Ryan Wetzel | Co-Founder & COO | Leadership |
Thomas McGrath | Co-Founder & CEO | Leadership |
Ken Lollar | Co-Founder & CCO | Leadership |
Ryan Holliday | Co-Founder & President | Leadership |
Complete people profiles for iink
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Timeline of iink
3 dated milestones of iink across 6 years, from founding to its latest funding, stage changes and deals.
- Founded iink is founded.
- Funding First funding round of $2.8M.
- Funding Latest funding round, Series A, of $13.2M.
Competitors of iink
iink has 3 listed competitors in our database, 3 of them funded. They include NovaData Solutions, Beam and Suppli.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| novadata-solutions.com | 2021 | Haverford, United States | $4.12M | Automated invoice review and processing for property claims is facilitated. | ||
| trybeam.com | 2022 | San Francisco, United States | $15M | Beam is recognized as a provider of construction management software and financial tools. | ||
| gosuppli.com | 2020 | Austin, United States | $3.1M | Payment processing solutions are provided for construction companies. |
Detailed competitors of iink
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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- Benchmarks
- Competitive positioning
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Web traffic of iink
The website of iink (iink.com) receives about 11.4K visits a month and ranks #995,193 among all websites worldwide, #10,163 in Financial Planning and Management.
- Monthly visits11.4K
▼ 51.7% vs previous month
- Unique visitors6.9K
per month
- Global rank#995,193
among all websites
- Category rank#10,163
Finance · Financial Planning and Management
- Bounce rate24%
- Pages per visit4.5
- Average visit3 min 03 sec
- DevicesDesktop 41% · Mobile 59%
Websites whose visitors overlap most with iink. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| pehub.com | 100% | 115.2K | #393,124 | View details | |
| plaid.com | 100% | 23M | #3,247 | View details | |
| google.com | 76% | 85.8B | #1 | View details |
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as iink (Payments & Remittance Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | 16,622 | ||
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 |
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Related news about Iink
Complete news archive for iink
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Frequently Asked Questions about iink
iink was founded in 2017 and raised its 1st funding round 5 years after it was founded.
iink is headquartered in Tampa, United States. It is registered at Tampa, Florida, United States.
Thomas McGrath is the CEO of iink, as recorded in our data. They have also founded this company.
iink is a funded company, having raised a total of $19.05M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2.8M, raised on Mar 2022.
Founded in 2017 and based in Tampa, United States, iink operates in the property insurance sector. A digital payment network is provided to facilitate efficient payouts for restoration professionals following insured property losses. Remote deposits, multi-party check capture, and electronic signatures are enabled, along with coordination involving mortgage companies. Tools for tracking check status and direct fund deposits to stakeholders are also included.
iink's top competitors include Beam, Suppli and NovaData Solutions.
iink offers iink Wallet and iink Platform.
iink has 12 investors. Key investors include Simplex Investments, Headline, Motley Fool Ventures, Chartline Capital Partners, and SilverCircle.
iink operates through Iink, Corp.