Inclined Technologies, a fintech platform helping policyowners tap into the cash value of their whole life insurance policies, has closed an $8 million Series B funding round led by HSCM Ventures. Northwestern Mutual Future Ventures, along with other new and existing investors, also joined the round.

The investment follows Inclined’s $16.5 million Series A in September 2022 and comes at an increased valuation, signaling strong growth and demand in the $5 trillion+ whole life insurance market.

Traditionally, accessing the accumulated cash value in whole life policies has been a slow and complex process. Inclined’s proprietary technology changes that by offering a fast, fully digital, and seamless solution. The company partners with whole life advisors to provide policyowners with the Inclined Line of Credit (iLOC) — a secured, revolving credit line backed by the policy’s cash value.

Applications can be completed in under 15 minutes, with no platform fees, allowing clients to draw or repay funds at their convenience and at competitive rates.

“We have thousands of whole life insurance advisors actively using the Inclined platform to serve their clients effectively, and that number is growing every day,” said Joshua Wyss, CEO and co-founder of Inclined. “This funding will allow us to deliver new features to Northwestern Mutual and other carriers, unlocking access to the $1.1 trillion currently invested in whole life insurance policies.”

Northwestern Mutual’s participation highlights the shared mission of equipping both clients and advisors with advanced financial tools. The new funding will be used to expand Inclined’s technology, grow its team, and extend its reach to more carriers and policyowners nationwide.