Latest news with #ePayPolicy
Yahoo
05-08-2025
- Business
- Yahoo
ePayPolicy Secures Strategic Investment from LLR Partners
LLR joins Serent Capital to help support the Company's next stage of growth. AUSTIN, Texas, August 05, 2025--(BUSINESS WIRE)--ePayPolicy, a leading provider of accounts receivable ("AR"), accounts payable ("AP") and integrated payment solutions for the insurance industry, today announced an investment from LLR Partners. LLR's investment will help further product innovation, bolster sales and customer support, and continue organizational buildout to better serve the Company's growing customer base. ePayPolicy's suite of AR and AP automation products and payment processing solutions serve agencies, brokers, MGAs, wholesalers, premium finance companies and carriers. The platform automates receipt of premium payments, cash reconciliation, and upstream premium and commission payments. By automating back-office operations and workflows, ePayPolicy enables organizations to streamline operations and offer more seamless digital payment experiences to their policyholders and partners. "Our mission is to increase the speed and efficiency of our customers' AR and AP processes and make insurance payments fast, easy and secure," said Mark Engels, CEO of ePayPolicy. "With this investment, we will continue to build the products our customers need to automate all of their payment-related workflows." "Both LLR Partners and our existing investors, Serent Capital, have proven experience supporting customer-centric technology companies with big ambitions," Engels added. "It's a great fit." LLR's investment in ePayPolicy continues the firm's 26-year history of investing in vertically focused integrated software and payments businesses. "Insurance is a large ($1.5T+)¹ and complex ecosystem undergoing a digital transformation driven by policyholders requiring more seamless payment experiences and insurance companies needing to more efficiently manage operations," said Connor Crump, Vice President at LLR Partners. "ePayPolicy has established itself as a leading AR and AP solution, purpose-built for the insurance industry." Ryan Goldenberg, Partner at LLR Partners, added, "We're thrilled to partner with Serent, Mark and the entire ePayPolicy team. Together, we will continue to invest in technology automation and product growth to support ePayPolicy's customers' needs and help solidify the company as the leading AR and AP automation provider in the insurance ecosystem." Serent Capital originally invested in ePayPolicy in 2019 and will remain an active partner and investor. "It has been a privilege to support Mark and his team over the last six years," said Kevin Frick, Partner at Serent Capital. "We are excited to continue alongside LLR in this next chapter of growth." ePayPolicy was advised by Raymond James and Choate, Hall and Stewart and LLR was advised by William Blair and Company and Goodwin Procter LLP. About ePayPolicy ePayPolicy offers easier payment tools, built just for insurance. ePayPolicy's products bring insurance payments up to speed for agencies, carriers, MGAs and PFCs, with secure online payment pages, automated check processing, payables reconciliation and more. 8,000 insurance companies trust ePayPolicy and their expert, live support team to handle their payments every day. Learn more: About LLR Partners LLR Partners is a lower middle market private equity firm investing in technology and healthcare businesses. We collaborate with our portfolio companies to define high-impact growth initiatives, turn them into action and help create long-term value. Founded in 1999 and with more than $7 billion raised across seven funds, LLR is a flexible provider of equity capital for growth, recapitalization and buyouts. Learn more at Reference 1. "The U.S. Insurance Market," Next Move Strategy Consulting, June 2025, View source version on Contacts Emily Oakeseoakes@ Justin Jakshajustin@
Malaysian Reserve
16-07-2025
- Business
- Malaysian Reserve
Loro Raises $1.1M Seed Round to Revolutionize Specialty Insurance Distribution
Backed by Markd, Loro offers the only no-code platform with a free tier for up to $100K in GWP annually—empowering a new generation of insurance builders DOVER, Del., July 16, 2025 /PRNewswire/ — Loro, the modern platform powering specialty insurance distribution, today announced the successful close of its $1.1 million seed funding round. The round was led by Markd, a prominent insurtech-focused investor, with participation from strategic angels across the insurance ecosystem. Loro enables carriers, MGAs, and program managers to build and distribute insurance products at unprecedented speed, while maintaining full underwriting control and unlimited distribution flexibility. The platform is also the only insurtech solution that offers a completely free tier for up to $100,000 in gross written premium (GWP) annually, with no minimum commitment. This bold move removes the traditional financial barriers that prevent new entrants from launching and scaling insurance programs. 'This investment is a vote of confidence in our mission to unlock a better future for insurance builders,' said Peter Tilbrook, CEO and Co-Founder of Loro. 'We've grown to over 25 clients globally, connected more than 600 brokers, and powered meaningful premium volume, all without compromising on speed, affordability, or flexibility. This new capital allows us to double down on building the infrastructure the specialty market has been waiting for.' Loro's no-code product builder lets users replicate their existing underwriting rules, logic, and pricing models– whether from spreadsheets or APIs– without needing to overhaul what works. Users can configure dynamic forms, set up complex document generation logic, and automate rating, invoicing, tax, and renewal flows in days. Built-in integrations with Stripe, ePayPolicy, DocuSign, Turris, and other tools allow for seamless quote-to-bind workflows. Unlike legacy systems, Loro is designed for multi-layered distribution, enabling users to assign and manage downstream brokers, retail agents, and partners in a fully digital environment. Every participant gets access to quoting, portals and performance insights, while the owner retains control of pricing, rules, and brand experience. 'Loro is doing something few others dare to do: empowering the people closest to risk to move faster, yet without them sacrificing any control,' said Parker Beauchamp, of Markd. 'The team understands the nuances of specialty insurance and is building with deep empathy for MGAs and carriers. We're proud to back them as they shape another chapter of insurance distribution.' Loro's 'speed to data' advantage provides real-time visibility into every quote, bind, and payment across the network. Clients can generate custom bordereaux, track commissions, automate Lloyd's reporting, and integrate all data points via API enabling true operational intelligence without delay. With this funding, Loro will accelerate its product roadmap, grow its global team, and invest further in connectivity, ensuring carriers, MGAs, brokers, and agents can work together on one unified, modern infrastructure. About LoroLoro is a no-code, multilingual platform purpose-built for specialty insurance. Designed to launch and distribute products in weeks, not months, Loro gives users full underwriting control, multi-level distribution, and real-time data access, all from a single interface. Loro is the only insurtech solution that's free up to $100K in GWP annually, with no minimum commitment. About MarkdMarkd is a venture capital company focused on funding and partnering with transformative insurtechs. It pays homage to the insurance industry's legacy while helping design its future. Markd's mission is to power substantial work and continually inspire more ideas to prevent hurt and loss.
Yahoo
24-06-2025
- Business
- Yahoo
ePayPolicy Recognized as GetApp Leader in 2025 for Payment Processing Software
AUSTIN, Texas, June 24, 2025 /PRNewswire/ -- ePayPolicy is proud to announce recognition as a Category Leader in GetApp's 2025 Payment Processing Software Awards. This distinction underscores ePayPolicy's dedication to providing an impactful, reliable, and user-friendly payment experience for thousands of insurance companies, alongside companies like Square and Paypal. The award is based solely on reviews from actual customers. The GetApp Category Leaders report helps businesses make informed decisions by highlighting top-performing products across various categories. Inclusion in this report signifies that ePayPolicy has consistently demonstrated superior performance, functionality, and customer satisfaction, as evidenced by the thousands of authentic user reviews collected across Gartner Digital Markets' family of sites, including Capterra, Software Advice, and GetApp. "We're incredibly thrilled to be recognized as a Category Leader by GetApp," said Mark Engels, CEO of ePayPolicy. "This achievement is not just an award for our team; it reflects the trust our clients place in us and the real-world value our tools deliver every day. Our mission has always been to simplify payments for the insurance industry. It means a lot that our customers are reflecting that back to us with their reviews." "ePayPolicy has helped us change the receipt of a payment from the client that took at least 3 or 4 days, and sometimes a week or more, down to an immediate turn-around in some cases," said user Jill M on a recent GetApp review. ePayPolicy's platform is built solely for the insurance industry, serving carriers, MGAs, premium finance companies and agencies. What began with a mission to make online ACH and credit card payments more accessible for the industry over 10 years ago has expanded to a collection of AR/AP tools designed to make sending and receiving payments a seamless experience, across the connected insurance payments network. Recent feature announcements, such as Finance Connect and Network Payables, enhance the connectivity, speed and security of payments across that network. "I just wish I had gotten started on ePayPolicy earlier. It makes AR and AP so much easier and in turn, it frees up a lot of time for getting new business!" said Victoria Y. on another GetApp review. About GetApp: GetApp is a leading online resource for businesses exploring software solutions. It provides a comprehensive platform featuring user reviews, comparisons, and research to help organizations find, compare, and select the best software for their specific needs. GetApp's Category Leaders reports are based on a rigorous methodology that considers factors like user ratings, popularity, and product capabilities. More on the GetApp award methodology here. About ePayPolicy: ePayPolicy offers easier payment tools, built just for insurance. ePayPolicy's products bring insurance payments up to speed for agencies, carriers, MGAs and PFCs, with secure online payment pages, automated check processing, payables reconciliation and more. 7,000+ insurance companies trust ePayPolicy and their expert, live support team to handle their payments every day. Learn more: Media Contact:Justin Jaksha844.372.9300397065@ View original content: SOURCE ePayPolicy Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
