Mr Cooper, Nationwide and National General Insurance invested in the digital insurance agency as part of a round that will fund hiring and growth.
US-based digital homeowners insurance agency Matic Insurance Services has received $7m in series A funding from investors including insurers Nationwide and National General Insurance, and Mr Cooper, the mortgage lender formerly known as Nationstar.
Venture capital firms Anthemis and ManchesterStory Group also contributed funding. Matic had previously raised $2.3m in seed financing from mortgage lender Freedom Mortgage and VC firm Anthem Venture Partners.
Founded in 2014, Matic has developed an application programming interface (API) that integrates into mortgage lenders’ systems…
