ePayPolicy is a leading provider of accounts receivable (“AR”), accounts payable (“AP”) and integrated payment solutions for the insurance industry. The Company’s suite of AR and AP automation products and payment processing solutions serve agencies, brokers, MGAs, wholesalers, premium finance companies and carriers. The platform automates receipt of premium payments, cash reconciliation, and upstream premium and commission payments.

The investment will help further product innovation, bolster sales and customer support, and continue organizational buildout to better serve the Company’s growing customer base.