iink Payments
iink Payments offers digital solutions for processing property damage insurance claims, serving contractors, mortgage servicers, and public adjusters.
Services
iink Payments offers digital solutions for processing property damage insurance claims. Their services are specifically tailored for contractors, mortgage servicers, and public adjusters. Key features include multi-party claim check processing, Momnt Financing, and iink Pro services. These comprehensive offerings streamline the endorsement, deposit, and disbursement of insurance claim checks, simplifying the claims process for their client base.
Products
The company provides a digital platform that facilitates the endorsement, deposit, and disbursement of property damage insurance claim checks. Products like Momnt Financing and iink Pro are designed to enhance the efficiency of multi-party claim check processing. These products are aimed at supporting contractors, mortgage servicers, and public adjusters in managing and expediting their insurance claim processes.
Funding Rounds
iink Payments has successfully raised significant funding to support its growth. The company secured $12.0MM in a Series A funding round, following an initial $2.8M raised during its Seed round. In addition, they closed on a $6M debt facility with an accordion option extending up to $100M. These funds are aimed at bolstering their technological capabilities and scaling their operations.
Company History
Headquartered in Tampa, Florida, iink Payments has established itself as a notable player in the property damage insurance claim processing sector. They were featured as a graduate of the 2022 CDL Risk-Stream, showcasing their innovation and industry potential. The company also serves as an authorized third-party sender of Avidia Bank, further underlining their credibility and operational efficiency in the financial services space.
Industry Recognition
iink Payments has processed over $250M in property damage insurance claims, highlighting their significant role in the industry. The company's participation in the 2022 CDL Risk-Stream program underscores its potential and dedication to innovation in financial technology. Their services are designed to address the complexities of insurance claim management, reflecting a deep understanding of customer needs within the sector.