Matic

Matic

Digital platform for home, auto quotes

About Matic

Simplify's Rating
Why Matic is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Consumer Software

Fintech

Financial Services

Company Size

201-500

Company Stage

Growth Equity (Venture Capital)

Total Funding

$81.5M

Headquarters

Columbus, Ohio

Founded

2014

Overview

Matic is a digital platform that helps people find the best prices for home and auto insurance by comparing quotes from a network of 40 A-rated carriers. Users enter their information, and the system quickly pulls and compares quotes in seconds, enabling easy comparison and cost savings (average savings around $639). Revenue comes from commissions paid by carriers when a customer buys a policy through Matic. The company distinguishes itself through its wide carrier network, fast quote retrieval, and partnerships with mortgage servicers to verify home information and improve quote accuracy. Its goal is to make insurance shopping quick, simple, and affordable for consumers.

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Simplify's Take

What believers are saying

  • $30M Vistara funding expands tech and partnerships covering 20% US mortgages.
  • Customers save $970 bundling home and auto via 60+ carriers.
  • Expands to jewelry, pet, flood insurance boosting personal lines revenue.

What critics are saying

  • Insurify's 100+ carriers erode Matic's quote comparison share within 12 months.
  • nCino integration fails amid 2026 slowdown, wasting $30M funding.
  • Vistara demands repayment or dilution if growth stalls in 24 months.

What makes Matic unique

  • Matic embeds insurance into nCino's mortgage point-of-sale since February 2026.
  • Matic partners with Floify and USA Mortgage for seamless loan integrations.
  • Matic's unbiased marketplace matches from 70+ A-rated carriers instantly.

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Funding

Total Funding

$81.5M

Above

Industry Average

Funded Over

4 Rounds

Growth Equity VC funding comparison data is currently unavailable. We're working to provide this information soon!
Growth Equity VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

401(k) Retirement Plan

Stock Options

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

0%

2 year growth

2%
Cultivation Capital
Feb 19th, 2026
Matic Named a Best Place to Work in Ohio

Matic named a best place to work in ohio. February 19, 2026 Matic is a digital insurance marketplace integrated with lenders, simplifying how people shop for and purchase home insurance during the mortgage process. Their platform embeds insurance selection directly into the home-buying journey, making it less painful and more transparent. It's insurtech solving a specific, high-stakes moment where people need better tools...

GlobeNewswire
Feb 11th, 2026
Matic Partners With nCino to Embed Home Insurance Into the nCino Mortgage Experience

Matic partners with nCino to embed home insurance into the nCino Mortgage experience. February 11, 2026 10:30 ET | Source: Matic Columbus, Ohio, Feb. 11, 2026 (GLOBE NEWSWIRE) - Matic, a leading digital insurtech platform, today announced a strategic partnership with nCino (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions. The partnership will bring Matic's embedded home insurance marketplace solution into nCino's mortgage point of sale product, allowing borrowers to shop for insurance inside the digital loan experience. This streamlined process helps borrowers find coverage faster while giving lenders a more efficient path to closing. nCino's technology powers many of the world's top financial institutions across banking and mortgage. Through the nCino Mortgage Solution, lenders can present multiple insurance options to their borrowers from Matic's network of over 70 carriers. Borrowers can shop for coverage digitally or connect with a licensed advisor to secure a policy. "Lenders are continually looking for ways to remove obstacles that slow down the mortgage process," said Casey Williams, General Manager of Mortgage at nCino. "Integrating Matic's insurance marketplace directly into our platform does just that - giving borrowers timely access to coverage options while helping lenders deliver a faster, more convenient experience. It's a win-win." "Insurance can be complicated and stressful, especially when it's left until the last step of the homebuying process," said Ben Madick, CEO and Co-founder of Matic. "We're thrilled to partner with nCino to simplify a traditionally difficult step for borrowers and help lenders keep the mortgage process on track." This collaboration reflects Matic's continued growth in the mortgage space. The company partners with more than 100 lenders, servicers, and banks that collectively process one in five U.S. home loans, including five of the top 15 mortgage servicers and a top 10 global bank. Together, these integrations extend Matic's mission to simplify insurance within the mortgage ecosystem and help mortgage leaders shorten cycle times, improve customer satisfaction, and unlock new revenue opportunities. About Matic Since 2014, Matic has changed the landscape of the insurtech industry by integrating insurance within the home and auto ownership experience. Today, Matic's digital marketplace has over 70 insurance carriers, as well as distribution partners in industries ranging from mortgage origination and servicing to banking, real estate, personal finance, and more. With a single-minded focus on advocating for policyholders, Matic has created an easy and transparent shopping process, saving customers hours of work and over $800 on average each year. For more information, visit matic.com.

The Manila Times
Jun 11th, 2025
Matic Launches Strategic Partnership With Floify, Bringing Insurance Into the Digital Loan Experience

Columbus, Ohio, June 11, 2025 (GLOBE NEWSWIRE) - Matic, a leading digital insurtech platform, today announced a new partnership with Floify, a top mortgage automation platform, to embed home insurance into the digital loan experience for Floify's network of lenders and brokers.

Coverager
Jan 7th, 2025
Valon Technologies Partners With Viu By Hub

We ended last year with the news that mortgage servicing startup. Valon Technologies <i class="fa fa-info-circle company-popover" data-content="h3Valon Technologies/h3. div

Coverager
Jan 7th, 2025
Matic raises $30 million

Digital insurance broker Matic Insurance has secured $30 million from Vistara Growth, a provider of flexible growth capital to software and technology enabled services companies.

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