Payment fintech Dwolla secured a $21 million venture round led by Foundry Group, Dwolla announced Wednesday. Additional investors include Park West Asset Management LLC, Union Square Ventures, Detroit Venture Partners, Firebrand Ventures and Next Level Ventures. Traeger CEO Jeremy Andrus joined as an individual investor. Global digital payment transactions in 2020 were valued at $5.4 […]
Holmes Murphy a founding co-leader of initiative BrokerTech Ventures is breaking new ground in bringing a more entrepreneurial mindset to the insurance brokerage industry. Conceptualized by Iowa-based insurance brokerage Holmes Murphy in 2019, the technology solutions and innovation initiative rapidly set up its operations and began producing tangible outcomes in 2020 and into 2021 — […]
West Des Moines startup provides start-to-finish digital claims capability for life insurers Nick Gerhart often wonders whether life insurance executives ever attempt to navigate their own company’s claims process. If they did, they would probably want to make some big changes after encountering what is likely a frustrating, time-consuming experience, says Gerhart, chief innovation officer […]
SmartScripts, one of the first virtual pharmacies on the market, has an eye toward deeper care services for its patients. Today, SmartScripts customers receive home delivery of their regular maintenance medications through presorted SmartPacks, which organize multiple medications for patients previously struggling to manage their medication schedules. In 2018, the company introduced a pharmacy benefit […]
Shawn Johnson will be the new chief information officer of Principal Financial Group’s Retirement and Income Solutions business to continue driving technology modernization and digital transformation across its retirement savings and solutions platform, Principal announced this week. Johnson has spent 15 years in leadership positions within the energy, health care and financial services industries. He […]
Des Moines lending platform LenderClose promoted Trinh Le-Coulter to vice president of people power, the company announced this week. Le-Coulter is the former director of operations for LenderClose. In her new role, she will lead LenderClose’s company culture as well as leading the operations department. LenderClose also announced two new team members: Bill Taha, director […]
IowaBio and LMC Insurance & Risk Management are hosting a free business essentials webinar July 21 for leaders seeking to understand how cybercrime rates in the U.S. have increased over the last 18 months, and what cyber insurance can do to protect operations from future cyberattacks. More information is available online.
BrokerTech Ventures is partnering with the industry conference InsureTech Connect to host ITC’s BrokerTech Connect, a broker-focused insurtech series hosted during InsureTech Connect’s conference on Wednesday, Oct. 6 in Las Vegas. BrokerTech Ventures and ITC previously partnered in 2020 during the Agency Connect Virtual Conference, which attracted more than 2,000 brokers, agents and brokertech attendees […]
American Enterprise Group, Inc. (AEG) is releasing a new application processing platform for life and health policies in partnership with MRS, a global insurance automation firm. The new platform will allow straight-through processing and instant decisioning for real-time policy issuance. The partnership with MRS resulted from a previous connection between MRS and American Enterprise Ventures, […]
LenderClose, a web-based underwriting and lending assistant platform for home equity and real estate lenders, announced this week it hired 10 new team members during the first quarter of 2021 and continues to scale its client acquisition market. The announcement follows LenderClose’s recent Series B capital raise of $10 million; the company aims to double […]