KO Client iink Payments Closes $12 Million Series A

KO client iink Payments, a digital payments network that expedites funds disbursement for multi-party property insurance claims, recently closed a $12 million Series A financing round.

The funding will be used by iink to integrate with mortgage servicing banks and insurance carriers to create an entirely digital and automated workflow to expedite the restoration process. The round was led by global venture capital firm Headline with participation from Motley Fool Ventures, Chartline Capital Partners, Silver Circle Ventures, and several of the company’s existing investors.

According to the press release, iink CEO/co-founder Tom McGrath says, “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.”

KO partner Kevin Gibson, attorneys Ryan Sykora and John Kyed, and paralegal Sara Shelly represented iink in the financing. Learn more in TechCrunch.