No-Code AI-Powered Platform EasySend Raises $16 Million

By Annie Baker ● September 23, 2020
  • No-code AI-powered platform EasySend announced it has raised $16 million in Series A funding led by Hanaco

No-code AI-powered platform EasySend announced it has raised $16 million in funding following the completion of an $11 million Series A round led by Hanaco with participation from Intel Capital.

This funding round follows a previously undisclosed $5 million seed round from existing investors Vertex Ventures and Menora Insurance. And the funding round will enable the company to double its current staff across its offices, optimize its product development, and expand its customer base in the U.S., Europe, and Asia.

Regulated industries like insurance, banking, and other financial services still depend on manual paper-based forms for sales processes and customer interactions, including claims, policy issuance, customer onboarding, document submission, and remote servicing.

EasySend’s no-code platform converts these processes into digital journeys that can be built and analyzed by non-technical staff without any coding through a simple drag and drop interface. 

As a result, this frees up IT teams from day-to-day maintenance issues and empowers employees across the enterprise to deliver new digital products in just a few days with a focus on an outstanding digital customer service experience.

EasySend raised its Series A round amidst the recent COVID-19 outbreak. And now more than ever, financial services and insurance companies are searching for ways to digitize their operations rapidly and effectively to meet the growing demand for digitization from their customers.

EasySend works with leading financial institutions in the USA, Israel, and Europe, including top insurance companies such as Petplan and R+V Versicherung. And in addition, EasySend announced two new appointments to its board of directors: Alon Lifshitz, founding partner of Hanaco, and Roi Bar-Kat, investment director at Intel Capital.

KEY QUOTES:

“The world is changing. COVID-19 forced traditional enterprises to embrace digital transformation and digital culture at a pace and scale never seen before. Our no-code platform is uniquely positioned to make this digital transition easier for enterprises from a wide range of industries – especially insurance and financial services – enabling them to create new digital products efficiently and effectively while boosting and creating digital opportunities which not only save on development and maintenance costs, but also drive revenue growth.”

— Tal Daskal, EasySend CEO and co-founder

“Hanaco is firmly invested in building a digital future. By bridging the gap between manual processes and digitization, EasySend is making this not only possible, but also easy, affordable, and practical.”

— Hanaco founding partner Alon Lifshitz.

“Intel Capital chose to invest in EasySend because of its intelligent and impactful approach to accelerating digital transformation to improve customer experiences. EasySend’s no-code platform utilizes AI to digitize thousands of forms quickly and easily, reducing development time from months to days, and transforming customer journeys that have been paper-based, inefficient, and frustrating. In today’s world, this is more critical than ever before.”

— Nick Washburn, senior managing director, Intel Capital

“The last few months have demonstrated the need to go digital. And as a result, the demand EasySend was experiencing for its solution became even higher.” 

— Yanai Oron, general partner at Vertex Ventures — who invested in the company’s seed round