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October 29, 2020updated 30 Oct 2020 8:54am

Franklin Madison invests in digital insurance agency Matic

Franklin Madison has made a strategic investment Matic Insurance, a US-based digital insurance agency focused on integrating insurance into the home and auto ownership experience.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
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Detail about the size of the investment, which was made as part of the company’s Series B funding round, has not been revealed.

The digital insurance marketplace of Matic provides has over 30 A-rated home and auto carriers.

It has distribution partners in wide array of industries such as mortgage origination and servicing, banking, real estate, and personal finance.

Matic Insurance CEO Ben Madick said: “Matic’s platform was built to integrate within banks’ ecosystems and deliver an amazing customer experience.

“It was a natural fit to partner with Franklin Madison with their strength and experience in the financial institution marketplace. We are looking forward to the partnership opportunity with an organization that brings nearly 50 years of industry expertise, a best-in-class direct marketing approach, and outstanding customer loyalty across 3,500 financial institutions.”

Franklin Madison’s Robert Dudacek added: “As Franklin Madison continues to invest in and advance our digital capabilities, we are very excited to work with Matic, whose cutting edge and proprietary technology is propelling the industry forward.

“Their competitive market technology, great business model, and strong leadership made them an attractive investment opportunity.”

Franklin Madison added that Matic will continue to run as separate venture after this transaction.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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