Fiduciary Exchange (FIDx), a Berwyn, PA primarily based insurtech firm offering built-in instruments that join monetary professionals, raised an undisclosed quantity in fairness funding.
The spherical was led by Prudential Monetary, with participation from Franklin Templeton, Invesco LLC, and Axonic Insurance coverage Providers.
The corporate intends to make use of the funds to increase operations and its growth efforts.
Led by CEO Wealthy Romano, FIDx empowers a technology-empowered community that integrates the brokerage, insurance coverage, and advisory ecosystems to supply annuities and insurance coverage options from carriers. It permits advisors to supply assured earnings and draw back safety as core parts of their purchasers’ portfolios, built-in throughout the identical wealth administration platforms they already use daily.
After practically eight years of operation, FIDx and its platforms at present collaborate with over 20 insurance coverage carriers, distinguished asset administration companies, and wealth administration platforms, connecting advisors to an intensive vary of commission- and fee-based insurance coverage merchandise.
FinSMEs
17/06/2025
