TruStage™, Ascent partner to streamline financial protection process

Sam Das

TruStage™, a financially strong insurance and financial services provider, and Ascent Platform Corporation, a leader in digital experience solutions for financial institutions, are announcing a stronger partnership to bring consumers greater access to financial protection.

“During this time of economic uncertainty, eight in 10 consumers are interested in protecting their loans, but most don’t realize Payment Protection is an option,” said Sam Das, managing director of TruStage Ventures, referencing the company’s March 2025 Consumer Lending Preferences Study1. “Ascent enables credit unions to more easily offer TruStage Payment Protection products, embedding them in online consumer and business loan originations. This digital experience helps more members reach their financial goals.”

Ascent helps credit unions centralize loan operations and manage data, offers integrated Payment Protection features to loan applicants, and provides credit unions and their members not only a streamlined process, but greater financial protection should members face an unexpected hardship.

“TruStage has been a true partner in our journey, from their early investment in Ascent to this expanded commercial collaboration," said Arjun Sahgal, co-founder and CEO of Ascent. "We’re proud to help credit unions offer members a seamless, secure lending experience—one that puts protection and care at the center.”

Additionally, credit unions may gain valuable non-interest income by providing this additional service to members.

This latest announcement builds on the already-established relationship between TruStage and Ascent. TruStage Ventures invested in Ascent in 2022 through its Discovery Fund, an early-stage investment fund for fintechs with traditionally underrepresented founding teams. Through this new partnership, TruStage will work to bring Ascent to more credit unions.

“We believe strongly in the benefits and services Ascent can bring to credit unions, which is why we're eager to enhance our relationship,” added Das. TruStage works with 93% of credit unions nationwide2, stated in its May 2024 Sales Navigator report, and the new partnership will offer easier access to Ascent’s platform and Payment Protection for members.

---