iink raises $12 million

iink Payments, a digital payments network that expedites the disbursement of funds associated with multi-party property insurance claims, has raised $12 million in a Series A financing round led by Headline, with participation from Motley Fool Ventures, Chartline Capital Partners, Silver Circle Ventures, and several of iinks’ existing investors.

Founded in 2017, the Florida-based startup connects and facilitates the flow of money and information between all stakeholders involved in the payments lifecycle. The financing will allow iink to invest in strategic integrations with mortgage servicing banks and insurance carriers to create an entirely digital and automated workflow.

“iink has seen great success to date tripling in size since our last round by innovating in an industry that has historically been underserved when it comes to technology. Our vision is not only to expedite payments but to also position ourselves as a fintech company that provides specialized financial capabilities to our customers by partnering with outside banks—a platform for property restoration professionals to operate and grow their business in a way that has never been supported before.” – Tom McGrath, iink CEO and co-founder.

“iink stands as a beacon of innovation in an industry ripe for transformation, bringing efficiency to a traditionally fragmented process for all stakeholders involved in property insurance claims. We believe that their growth trajectory points to a future where recovery and rebuilding are not hindered by administrative delays, but facilitated through digital innovation.” – King Goh, partner at Headline.