Annexus Ventures Closes Strategic Investment in RepPro
Investment Targets Smart Digital Application Market Leader
SCOTTSDALE, Ariz., 11/14/2016 – Annexus Ventures, a venture capital firm focused on making early investments in InsureTech and FinTech companies, announced a new strategic investment in Michigan-based developer RepPro, creators of the simplified digital application experience for financial professionals.
“RepPro’s platform provides the foundation for a quick and easy experience that allows advisors to digitally complete and sign brokerage, insurance or annuity applications, as well as distribution specific and dynamic Best Interest Contract Exemption paperwork,” said Jim Richards, Annexus Ventures Managing Partner.
Unlike any of the legacy systems in the market today, RepPro can completely remove the forms integration workload from the carrier or financial institution and be fully deployed in a matter of weeks, not months.
“RepPro has realized nearly 300% faster adoption than the competition,” said Patrick Kelly, Founder and CEO at RepPro. “These high adoption rates create an opportunity for insurance carriers and other institutions to yield tremendous cost savings by increasing accuracy, decreasing processing time and providing a DOL-compliant process.”
Annexus Ventures is actively developing partnerships with leading technology companies. This is the second FinTech investment announcement by Annexus Ventures in the last two weeks.
About Annexus Ventures
Annexus Ventures is a venture capital firm focused on making early-stage investments in InsureTech, FinTech and software companies. Annexus Ventures delivers a wealth of financial industry expertise, mature business networks and capital support to accelerate promising technology companies.
Jim Richards, Managing Partner