Ascend - InsurTech Innovation Award 2022

1. The modern insurance payments platform
PRESS KIT

2. Founders Bio
ANDREW WYNN
CO-FOUNDER / CO-CEO
andrew@useascend.com
PRAVEEN CHEKURI
CO-FOUNDER / CO-CEO
praveen@useascend.com
2
Ascend is founded by two-time
insurtech entrepreneurs who built a
home maintenance startup called
Sheltr, which provides homeowners
with routine preventative maintenance
service and diagnostics to offer data-
driven proactive care to catch issues
before they become costly repairs.
The company became the first
acquisition made by insurtech unicorn
Hippo because of its intuitive and
technological approach to building an
insurance product that went beyond
the customer interaction. Prior to
Sheltr, both Andrew and Praveen were
employees at Instacart, leading the
company’s product and data
integration team.

3. Ascend is the first modern insurance payments
platform that provides automated all-in-one
financing, collections, and payables.
All-in-one insurance for
the modern customer
Credit Card
Dashboard
ACH
Payable
Premium Financing
Fund Distribution
Endorsement
Commission
Checkout
Brokerages and MGAs
3

4. Typical insurance interactions are a headache
Legacy systems and processes result in payments being a bad customer experience and operational strain
4
Premium Finance Down payment Agency Bill Carrier Share*
Insured
Agencies / Brokers
MGAs
Premium Finance
Carrier
Agency Commissions*
Commissions* Commission Chargeback*
Agency Bill Carrier Share*
Premium Finance Down payment
Agency Bill Premium
Direct Bill
Cancelled Premium
Agency Bill Down payment*
Commissions*
Agency Bill Premium
Cancelled Premium
Agency Bill Premium*
Collect Ongoing Monthly Payments
Agency Bill Premium
Legend: * = Reconciliation needed Bold = Premium finance

5. Ascend’s mission is to
modernize insurance’s
financial infrastructure
As the insurance industry moves from offline to
online, insurance distributors will need to
provide a modern seamless customer
experience with a payment infrastructure in
order to keep pace with the increasing demand
for high quality.
5

6. Customers get a modern online
financing experience
Distributors eliminate laborious,
expensive process
No more patching together solutions
to give clients the sense of an
“online” experience
No more agency
paperwork headaches
No more trust accounting and
manual reconciliation
No more compliance and
regulatory handling
Agency Branded Online Checkout
Keep control with online payment and white-
labeled financing options
Flexible Payment Options
Automatically provide premium
finance and pay in full options
Billing & Payable Automation
Instantly net commissions and
pay premiums
Comprehensive Solution
Use a single platform to offer automated, all-in-
one financing, collections, and payables
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7. Increase Revenue
Remove price as a barrier and
increase purchase conversion
by as much as 30% and share
in revenue generated from
finance contracts.
Get Paid Faster
Immediately receive
commission via ACH and let us
remit payment to the carrier.
Improve cash flow with no need
for trust accounts or direct bill.
Improve Policy Retention
Effortlessly retain customers with
automatically updated premium
finance agreements at renewal
and technology-driven proactive
cancellation mitigation.
And grow your insurance business along the way
7

8. We’re partnering with industry leaders to modernize
payments for insurance
NFP VOUCH
NEWFRONT
8
ROGUE RISK
LUCKY TRUCK STARTSURE COVERTREE
NOWINSURANCE
STEADILY COUNTERPART
PLAYER’S HEALTH
Boost Insurance

9. press@useascend.com
www.useascend.com