Franklin Madison announces investment in Matic
Franklin Madison , a provider in marketing insurance solutions, announced an investment and partnership with insurtech provider Matic Insurance as part of their Series B funding round. The amount of the deal, was not disclosed.
Matic is a digital insurance agency focused on integrating insurance into the home and auto ownership experience.
“As Franklin Madison continues to invest in and advance our digital capabilities, we are very excited to work with Matic, whose cutting edge and proprietary technology is propelling the industry forward. Their competitive market technology, great business model, and strong leadership made them an attractive investment opportunity.” – President and CEO, Franklin Madison, Robert Dudacek.
“Matic’s platform was built to integrate within banks’ ecosystems and deliver an amazing customer experience. It was a natural fit to partner with Franklin Madison with their strength and experience in the financial institution marketplace. We are looking forward to the partnership opportunity with an organization that brings nearly 50 years of industry expertise, a best-in-class direct marketing approach, and outstanding customer loyalty across 3,500 financial institutions.” – CEO, Matic Insurance, Ben Madick.
Franklin Madison and Matic will continue to operate as separate entities.