FIDx Raises Growth Funding
- FIDx, a Berwyn, PA-based provider of an integrated technology platform that connects financial professionals to leading insurance companies, raised an undisclosed amount in growth funding
- The round was led by Prudential Financial, and Global Atlantic, with participation from Envestnet
- The company intends to use the funds to bring its platform and services to new markets and distribution channels
- The company is a technology network that integrates the brokerage, insurance, and advisory ecosystems to offer annuities and insurance solutions from the industry’s leading carriers
- The company connects advisory firms to insurance carriers through a digitally enabled process so advisors can deliver comprehensive advice and help clients reach their goals
- The firm currently FIDx has relationships with 17 insurance companies, and $24 billion in assets on its platform
