The digital financial services company’s Buckle platform brings in $ 60 million in Series B.


  • Buckle – an inclusive technology-driven financial services company – announced that it has raised $ 60 million through a Series B financing. Those are the details.

Buckle – an inclusive technology-driven financial services company – announced that it has raised $ 60 million through a Series B round of funding led by Volery Capital Partners, with participation from Eldridge, Assurant Ventures and HSCM Bermuda and other insiders. As part of this transaction, Volery Capital Partners will join Buckle’s board of directors.

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

The successful raise underscores Buckle’s goal of rethinking financial services for the gig economy. And the capital will help the company scale its groundbreaking full-stack insurance-as-a-service platform as Buckle continues to lead innovative financial products for the emerging US middle class

Buckle’s core hybrid rideshare car insurance policy uses data from the Transportation Network Company (TNC) platforms to draw policies. And by using ridesharing and delivery data instead of credit scores, Buckle’s core hybrid auto insurance helps fill the void created by conventional insurance policies that leave gig workers underinsured or with higher premiums.

Data Skrive’s patent-pending platform has reinvented the profitability of sports betting. Over the past year, the company’s customer base has grown to include industry-leading sports betting and premium brands such as The Associated Press, Catena Media, ESPN, Sports Illustrated, and USA Today, allowing them to gain market share and reduce acquisition costs while unlocking new revenue opportunities at increased speed.

While other content marketing and automation technology platforms only allow companies to lower their content writing costs, Data Skrive automates every aspect of content marketing, from researching the topics of interest to optimizing performance for a specific goal. And each content is unique and formatted for sales channels like web, voice, native apps, OTT, search, social networks, email or SMS.

IMPORTANT QUOTES:

“This new raise helps confirm Buckle’s positive momentum in its insurance programs and reinforces our belief in the growth opportunities the company is facing today. Through our capital-efficient multi-carrier strategy, we are expanding our digital insurance platform nationwide to offer a range of attractive insurance options to US gig economy workers, many of whom were considered indispensable workers during the pandemic. “

– Marty Young, Co-Founder and CEO of Buckle

“We are very excited about the official partnership with Brad Weitz and the Data Skrive team. At Bettor Capital, we focus on investing in excellent online gaming companies that provide operators and other end-market participants with business-critical capabilities with a high ROI. Data Skrive fits our thesis perfectly and we look forward to accelerating the growth and momentum as the business continues to scale. “

– Jake Kleiner, investment partner at Bettor Capital

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