Advance

United States · Fintech · Enterprise software

Advance helps insurance intermediaries collect, reconcile and remit premium payments through bank-supported accounts and payment infrastructure.

Business and product

MGAs, wholesalers and agencies use Advance to manage trust-account flows, carrier payments and producer commissions. The platform connects money movements with their insurance context, automates reconciliation and supports auditability. Eligible idle premium balances can earn yield.

Funding history

1 round · 1 with disclosed amounts
AnnouncedRoundAmountInvestors
Seed$8.6MAssaf Wand — Role not disclosedCrystal Venture Partners — Role not disclosedHarel Insurance Group — Role not disclosedMensch Capital — Role not disclosednvp capital — Role not disclosedVesey Ventures — Role not disclosed
Sourcesprnewswire.com ↗