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Digital Financial Services Firm Buckle’s Platform Raises $ 60 Million in Series B

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  • Buckle – a technology-based inclusive financial services company – has revealed it has raised $ 60 million through Series B funding. These are the details.

Buckle – a technology-based inclusive financial services firm – has revealed it has raised $ 60 million through a Series B funding round led by Volery Capital Partners with participation from Eldridge, Assurant Ventures and HSCM Bermuda, and d ‘other insiders. As part of this agreement, Volery Capital Partners will join Buckle’s board of directors.

In addition to the $ 60 million Series B financing, HSCM Bermuda increased the company’s excess term loan from $ 10 million to $ 20 million to provide additional capital to support the premium growth of Buckle’s Gateway. Insurance Company. Buckle has closed over $ 100 million in debt and equity financing since its inception.

The successful increase underscores Buckle’s goal of reinventing financial services for the odd-job economy. And the capital will help the company grow its pioneering insurance platform as a full-stack service as Buckle continues to lead innovative financial products for the rising middle class across the United States.

Buckle’s Basic Hybrid Auto Insurance Policy for Rideshare and Delivery Drivers uses data from Transportation Network Company (TNC) platforms to underwrite policies. And by using rideshare and delivery data instead of credit scores, Buckle’s Basic Hybrid Auto Insurance Policy helps close the gap created by conventional insurance policies that leave workers underinsured or uninsured. with higher premiums.

Data Skrive’s patent-pending platform has reinvented the economics of sports betting. And over the past year, the company’s customer base has grown to include top sports betting and top brands like The Associated Press, Catena Media, ESPN, Sports Illustrated and USA Today, which which allows them to capture market share and reduce acquisition costs. while opening up new income opportunities with increased speed.

While other content marketing and automation technology platforms only allow businesses to reduce their content writing costs, Data Skrive automates every aspect of content marketing, from researching topics of interest to research. ‘performance optimization for a given objective. And each piece of content is unique and formatted for distribution channels such as web, voice, native apps, OTT, search, social media, email, or SMS.

KEY QUOTES:

“This further increase validates Buckle’s positive momentum across its insurance programs and strengthens our belief in the growth opportunity the company faces today. Through our capital efficient multi-operator strategy, we are expanding our digital insurance platform nationwide so that we can offer a range of attractive insurance options to American workers in the small economy. jobs, many of whom were seen as essential workers throughout the pandemic. “

– Marty Young, co-founder and CEO of Buckle

“We are delighted to officially partner with Brad Weitz and the Data Skrive team. At Bettor Capital, we are focused on investing in great companies in the online gaming space that provide critical and high ROI capabilities to operators and other end market players. Data Skrive fits our thesis perfectly, and we’re excited to help accelerate growth and momentum as the business continues to grow.

– Jake Kleiner, investment partner at Bettor Capital


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