OH: High-Growth Fintech Co., Matic, to Expand in Columbus Region, Hire 50
27 Mar, 2018
Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, has announced plans to expand its operations in Columbus, investing a total of $400,000 and creating 50 new jobs at its Miranova Place facility. Hiring for operational and back-office positions began earlier this month and will continue into Q2 2018 and beyond.
Matic has grown rapidly since its founding in 2014 to become the market leader in lender and servicer distribution of homeowner's insurance. A licensed insurance agent in all 50 states, Matic has delivered more than 300,000 quotes to the customers of some of the nation's largest mortgage lenders and servicers.
“This is an exciting time for Matic, and the Columbus Region has the right blend of skilled talent, entrepreneurial climate and vibrant economy to support our rapid expansion,” said Aaron Schiff, co-founder and CEO, Matic. “With more than a dozen enterprise agreements set to launch this year, we are confident Columbus will continue to offer the resources needed to support our growth.”
In November 2017, the company completed a $7 million Series A funding round. Investors included Columbus-based Nationwide, one of the world's largest insurance and financial services companies.
“We are thrilled to see innovative and disruptive companies like Matic finding success in Columbus,” said Columbus Mayor Andrew J. Ginther. “The Region’s strong academic institutions and growing tech workforce make it a breeding ground for innovation, particularly for thriving companies like Matic.”
“Matic’s expansion is an example of how the Columbus Region’s abundance of major insurance providers is helping early-stage fintechs experience rapid growth,” said Valentina Isakina, JobsOhio managing director for financial services. “The collaborative efforts of Matic, Columbus 2020 and the city will bring 50 new jobs to downtown Columbus and bolster Ohio’s robust fintech environment.”
Financial and insurance-related activities comprise the top sector of economic output in the Columbus Region, totaling $28 billion in 2015. Matic joins other Columbus fintech and insurtech leaders ranging from Huntington and JPMorgan Chase to Alliance Data and State Farm.
Matic is a technology-driven insurance agency focused on helping lenders and loan officers better integrate homeowner's insurance into the lending process. By using loan application information and first-of-its-kind technology, Matic provides homebuyers multiple policy options within seconds, helping loan officers close their loans faster. Matic delivers the most trusted, affordable insurance policies available thanks to its partnerships with a diverse network of insurance carriers. Today's borrowers expect a digital home-buying experience, and Matic gives them the digital insurance experience to match. For more information, visit http://matic.com or follow Matic on LinkedIn.
About Columbus 2020
As the economic development organization for the Columbus Region, Columbus 2020’s mission is to generate opportunity and build capacity for economic growth across 11 Central Ohio counties. In 2010, hundreds of business and community leaders developed the Columbus 2020 Regional Growth Strategy, and the Columbus Region is now experiencing the strongest decade of growth in its history. The Columbus 2020 team conducts business outreach, promotes the Columbus Region to market-leading companies around the world, conducts customized research to better understand the Columbus Region’s competitiveness, and works to leverage public, private and institutional partnerships. Funding is received from more than 300 private organizations, local governments, academic institutions and JobsOhio. Learn more at ColumbusRegion.com.
About City of Columbus, Ohio
The City of Columbus is the 14th largest city in the United States with a population of approximately 860,090 residents. The Columbus economy is balanced with a combination of education, technology, government, research, insurance and health care entities as major employers within the region. Columbus is gaining nationwide recognition for its historic neighborhoods, booming downtown arts and sporting districts, open attitude and a noticeably affordable quality of life. Learn more about the City of Columbus at columbus.gov/development/Economic-Development/.