Franklin Madison, a leading provider in marketing insurance solutions, announced a strategic investment and partnership with insurtech leader Matic as part of their Series B funding round. Matic is a digital insurance agency focused on seamlessly 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,” said Robert Dudacek. “Their competitive market technology, great business model, and strong leadership made them an attractive investment opportunity.”
“Matic’s platform was built to integrate within banks’ ecosystems and deliver an amazing customer experience,” said Ben Madick, CEO, Matic Insurance. “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.”
The investment in Matic is further evidence of Franklin Madison’s commitment to the insurance and financial institution markets. Franklin Madison and Matic will continue to operate as separate entities.