Inclined raised $15 million

Inclined Technologies has closed a $15 million Series A funding round led by HSCM Ventures , with participation from Anthemis Group. Its first product is the Inclined Line Of Credit (iLOC) – a way to access whole life cash value.

Founded in 2020 and a team of ~13, Inclined helps policyholders realize more value out of their whole life investment by giving them quick and efficient access to the equity they have built in their whole life policy. Its platform addresses two inherent problems with the way the market currently operates – the “front end” problem of obtaining and structuring the raw data from whole life carriers, and the “back end” problem of efficiently managing the collateral in a way that can deliver assets at scale to our financial institution partners.

Inclined’s initial focus is to work with whole life advisors to offer policyholders a secured, revolving line of credit collateralized by the cash value in their whole life policy, within a fully automated experience. The Inclined Line of Credit (“iLOC”) is flexible in that it can be drawn or paid back iteratively at the convenience of the borrower. The borrower never pays any fees on the Inclined platform, and the process of applying for a loan takes less than 15 minutes.

Through its proprietary technology platform, Inclined manages customer acquisition and enables a network of banks to originate the lines as a turnkey line of business. Inclined handles all requirements around policy assignment and perfection of the collateral to the bank, while continuing to service the lines. Inclined partners with a network of financial institutions who are attracted to the quality of the asset, the demographics of the borrower, and the opportunity to be part of the value enhancement to their policy and overall financial picture.