FIDx, a Berwyn, PA-based firm that provides an integrated platform for technology that connects financial professionals to the top insurance companies, has received an unspecified amount of capital for growth.
The round was conducted by Prudential Financial and Global Atlantic, with participation from Envestnet.
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FIDx Raises Growth Funding
The company plans to use the funds to expand its platform and solutions to other markets and distribution channels.
Director of the company Rich Romano leads the company. FIDx is an innovative technology platform that connects the insurance, brokerage, and advisory markets to offer annuities and insurance products from leading insurance companies.
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The company allows advisors to provide guaranteed income protection and downside protection as essential elements in their client portfolios as part of the wealth management platforms that they use daily.
FIDx links advisory companies with insurance providers through a digitally enabled process, allowing advisors to offer comprehensive advice and help clients achieve their objectives.
FIDx currently, FIDx has partnerships with 17 insurance companies and has $24 billion of assets through its platforms.