Insurance provider Vouch acquires lending startup Level to scale tech-driven underwriting systems
Vouch, an insurance provider re-thinking business insurance for the technology industry, announced it has acquired lending startup Level and its team of engineers.
Founded by Vladimir Korshin, Asa Schachar and Molly Hogan, Level developed a tech-driven underwriting process for early-stage fintech companies that brought new efficiencies and speed to the process of raising debt.
Sam Hodges, CEO and Co-founder, Vouch: "Level's unique expertise in building and scaling underwriting systems will bring additional knowledge to our team as we continue to effectively underwrite and support complex insurance policies. The team at Level demonstrated their ability to solve complex problems in a highly regulated space, and as we got to know them, we discovered many similarities in our vision to build a value-driven company. We're thrilled to bring the Level team on board."
The Level team will use their expertise in building fast and efficient underwriting systems to help Vouch continue to effectively underwrite and support complex insurance policies.
"Joining the Vouch team was an easy decision for us," said Korshin and Schachar. "We were impressed by Sam and the team's pace of development within this exciting market opportunity and look forward to contributing our expertise to the company's growth."
Terms of the deal were not disclosed.
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