Matic

insurtechaggregators / policy management

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 08/09/2020

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About

www.system-matic.com is a mechanical or industrial engineering company based out of United Kingdom.

MEDICI Analysis

Matic is a communication platform that connects lenders and borrowers originating a new home loan. The platform provides home insurance quotes, thus helping in completing the loan application and home buying process.

Focus

PRODUCTS & SERVICES

Platform for home insurance quotes

REVENUE MODEL

Traditional agency model

EXISTING PARTNERSHIPS

Freedom Mortgage

Progressive

National General Insurance

Safeco

PRIMARY PROBLEM SOLVED

We help solve homeowners insurance at the point of sale for mortgage transactions.

People

BOARD MEMBERS AND ADVISORS

Bill Woodward

Jon Bauch

INVESTORS:

Anthemis Group

ManchesterStory Group

Mr. Cooper

National General Insurance

Nationwide Mutual Capital

KEY EMPLOYEES:

Aaron Schiff(CEO)

Momentum

FUNDED

YES

TOTAL FUNDING

$7 M

DATE OF LAST FUNDING

Nov 2017

TOTAL FUNDING COMMENT

The company intends to use the funds to double its team and scale the business to serve customers in all verticals (Nov 2017).

FUNDING SERIES

SERIES A  · $7 M  · Nov 2017

LISTED

NO

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Matic

About

Matic Integrates with lenders and insurance carriers to provide homeowners insurance at the point of sale. By working directly with lenders, Matic provides better data to the carrier, faster close times to the lender, and a significantly better customer experience to the borrower.

Focus

PRODUCTS & SERVICES

Insurance agency that leverages technology to integrate directly with lenders and insurance carriers to provide homeowners insurance to new borrowers during the home loan process.

REVENUE MODEL

Traditional agency model

TOP PROBLEM SOLVED

We help solve homeowners insurance at the point of sale for mortgage transactions.

PRODUCT DEVELOPMENT STAGE

MARKET TRIAL

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Small and Medium Business - Online Retail

Consumer

Traction

LIVE USERS/TRANSACTIONS:

Yes, in trial/pilot

CHANNEL STATUS

CHANNEL SECURE

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES