Unqork, a NYC-based enterprise software company with a no-code platform for financial services and insurance organizations, secured $22m in Series A funding.
The round was led by Goldman Sachs Principal Strategic Investments (PSI), with participation from seed investors and Broadridge Financial Solutions.
The company intends to use the funds to accelerate business growth and invest in capabilities that further solidify its position in the no-code space.
Founded in April 2017 and led by Gary Hoberman, CEO, Unqork is a no-code, software-as-a-service (SaaS) platform that digitizes the entire client lifecycle and enables financial services and insurance companies to bring complex, regulated products to market without writing a single line of code.
The company’s patent-pending technology includes advanced calculations, decisions, UI design and workflow for risk assessment and digitization layered on top of legacy IT systems.
The technology creates custom client onboarding and servicing applications using a drag-and-drop interface which can be implemented within weeks.
The company works with financial services organizations spanning broker dealers, asset management, wealth management and banks as well as insurers across life and health, property and casualty, and specialty insurance.