EaseCentral closes $6.5m Series A led by Propel Venture

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fintech insurtech wealthtech regtech ai cybertech esg news

California-based SaaS platform EaseCentral has picked up $6.5m in its Series A funding round led by Propel Venture Partners.

Other investors that contributed to the funding included Freestyle Capital, Compound, Upside Partnership, and Transmedia Capital.

The company, founded 2015, is an online benefits enrolment platform for insurers and employers, simplifying hiring, stay complaints and offering one location for employees’ human resources information.

With the capital, EaseCentral hopes to make the platform available in additional states, with a New York office due to open later this year.

Capital will also be used to make additional HR partnerships and electronic data interchange integrations, as well as to hire people for new sales, engineering, and marketing roles.

Propel Venture Partners partner Ryan Gilbert said, “EaseCentral turns every broker into a supercharged digital broker. Even the smallest agency will be able to bring its expertise to a digital platform with accurate, up-to-date information, making open enrolment periods far less stressful for benefits managers and employees.”

This investment brings the company’s total funding to $11.5m.

Alongside the deal, EaseCentral has launched two new services for health insurance brokers, an employee-facing mobile app and an integration with ADP enabling seamless payroll functionality.

Copyright © 2017 FinTech Global

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