EasySend, an Israeli-based company that offers code-free software for digitizing processes – from mortgage applications to onboarding paperwork – said it has raised a $ 55.5 million Series B funding round.
The company, which targets small and medium-sized businesses, says it uses a cloud-based no-code builder that leverages AI, third-party integrations and analytics to provide seamless, low-cost customer experiences. The company claims that its technology enables organizations to build and launch digital customer journeys – for any process, including additional sales, customer applications and claim forms.
EasySend says its customers include insurance companies, banks and credit unions such as Cincinnati Insurance, NJM Insurance Group, PSCU, Sompo and Petplan, and its revenue has increased tenfold over the past year.
In a press release, the company said this additional capital will accelerate EasySend’s growth in the US and other regions, supporting expansion into new verticals and product use cases. The financing round was led by Oak HC / FT with the participation of existing investors Vertex IL, Intel Capital and Hanaco Venture.
Accelerating digital transformation for businesses
The pandemic has undoubtedly shaped the way organizations do business in several positive ways, with Gartner’s 2021 board survey showing that 69% of boards accelerated their digital business initiatives following COVID-19 disruptions.
Tal Daskal, CEO of EasySend, said the pandemic has led to a massive shift in people’s online business interaction
EasySend was founded in 2016 by Tal Daskal, Chief Operating Officer Omer Shirazi, and Chief Technology Officer Eran Shirazi, and has now raised a total of $ 71.5 million.
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