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Fenris Digital Announces $1.7M Seed Round to Modernize Insurance and Financial ApplicationsRICHMOND, Va., Sept. 18, 2019 /PRNewswire/ -- Fenris Digital, a software and analytics company enabling friction-free applications for financial and insurance products, announced a seed raise of $1.7 million. Fenris will apply the new funding to meet the growing demand from clients for its API delivered predictive scores and pre-fill data that ease the application process for a company's best prospects. "Fenris continues to utilize our core strengths and unique positioning in the insurtech and fintech industries to accelerate growth and meet rising demand. We are delighted our clients are experiencing the benefits of modernized quoting processes, and we want to ensure we are positioned to make a tremendous impact on the billions of applications for insurance and financial products initiated each year," states Jennifer Linton, Founder and CEO of Fenris. In addition to participation from SixThirty, an international fintech fund, the CIT (Center for Innovation in Technology), Tyson's Angels Group, and the 757 Angels Group, strategic investment was led by Larry Rosenberger, past CEO of FICO and their current Research Fellow. In addition to this investment, Rosenberger has been a key industry advisor since the company's ineption and joins the Board. "With this infusion, we will increase hiring for top sales talent, strategic business development, customer success, engineering, and data analytics, and continue to build out our suite of products to solve industry-wide problems in modernizing and streamlining cumbersome application processes for accurate, easy, and fast results," said Linton. Fenris maintains its proprietary, in-house repository of over 300 million entity records and accompanying data elements from an array of qualified and emerging sources. By employing machine learning in conjunction with its proprietary repository of millions of policy result records across dozens of personal, commercial, and life insurers, Fenris generates proprietary predictive algorithms MatchScore, TriageScore, LeadScreen, and PFR (Personal Financial Responsibility). About Fenris Media Contact Related Links View original content to download multimedia:http://www.prnewswire.com/news-releases/fenris-digital-announces-1-7m-seed-round-to-modernize-insurance-and-financial-applications-300921056.html SOURCE Fenris Digital |