With an expanding client base, partnerships, and doubling of
headcount, rising fintech star concludes 2024 well positioned for
progress in the year ahead.
NEW
YORK, Jan. 9, 2025 /PRNewswire/ -- Ascent
Platform, the leader in digital experience solutions for financial
institutions, achieved extraordinary success in its first year of
operation, with rapid expansion of the company on all fronts.
Ascent began 2024 by exiting stealth development and announcing
its first strategic partnership with MSU Federal Credit Union
to transform business and commercial lending for credit unions.
Shortly afterwards, Ascent closed $5.3
million in venture funding in a round led by Foundation
Capital, TruStage, Alloy Labs, and Reseda Group. This funding
fueled platform development and expansion of use case support to
include any-and-all product applications and servicing forms used
by financial institutions.
Ascent doubled its headcount during the year, growing both US
staff and product development and engineering teams operating in
Scotland. Ascent grew its advisory
board to include legendary fintech expert Bryan Clagett, mortgage industry leader
Robert Davis, credit union keystone
Kirk Kordeleski, and digital
transformation thought leader Kevin
Porter. Ascent also expanded strategic alliances, including
partnership agreements with the Cooperative Credit Union
Association, Finalytics, Nook, and Digifi.
Ascent continued to gain industry recognition with acceptance
and participation in Project Fintech's National Accelerator
and MSUFCU's Conquer Finance & Insurance Accelerator, and a
finalist selection for Fintech Futures "Customer Journey and
Experience" award. These programs supported Ascent's product
development and offered numerous opportunities to connect further
with strategic partners and clients.
Finally, the first season of Ascent's Counting
Change podcast wrapped with 25 episodes. Ascent launched
Counting Change in February, with CEO Arjun Sahgal and UX designer Rachel Reid as hosts. Industry leaders like
Ben Maxim, Jason Henrichs, Alice
Stevens, DJ Seeterlin, and Greg
Mitchell have appeared on the show, lending their insights
into the current world of community finance and technology. Season
2 of Counting Change kicked off this week with CSI's
Tara Schultz discussing the future
of fintech partnerships.
"It was an amazing year for Ascent as we formally entered the
market, bringing the tools that banks and credit unions need to
take experience and engagement to the next level,"
said Sahgal. "We are grateful to our team, partners and
especially our early clients for having faith in us to deliver on
this vision, and we have big plans to take it even further in
2025."
About Ascent
Ascent is the next-generation platform
that provides financial institutions with the ability to streamline
any and all product applications and forms without disrupting
existing systems and processes. Ascent replaces the patchwork of
full-stack product applications, static web forms, and PDFs with
intelligent applications and forms featuring prefilled data,
optional pre-screening rules and logic, and collaborative document
collection. Most importantly, the platform learns from every
interaction and uses those learnings to make subsequent experiences
more contextual, with fewer questions for the customer and less
work for the banker. Using Ascent's no-code builder, institutions
can rapidly configure and deploy beautiful bespoke applications and
forms at their own pace. For more information, please visit
ascentplatform.io.
Contact
Glen Fossella
glen@ascentplatform.io
617-335-2181
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SOURCE Ascent Platform Corporation
