TAMPA, FL, iink, a digital payments network that expedites the disbursement of funds associated with multi-party property insurance claims, announced it has raised $12 million.
iink announced it has raised $12 million in a Series A financing round led by the global venture capital firm Headline.
The round included participation from Motley Fool Ventures, Chartline Capital Partners, Silver Circle Ventures, and several of iinks' existing investors. The financing will allow iink to invest in strategic integrations with mortgage servicing banks and insurance carriers to create an entirely digital and automated workflow. This will allow restoration work to occur with greater ease and expediency.
iink helps restore insured properties back to pre-loss condition by connecting and facilitating the flow of money and information between all stakeholders involved in the payments lifecycle.
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