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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| Announced | Round | Amount | Investors |
|---|---|---|---|
| Seed | $8.6M | Assaf 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 |