Functional Finance

Automated FinOps for Insurance

General Information
Company Name
Functional Finance
Founded Year
2021
Location (Offices)
Founders / Decision Makers
Number of Employees
33
Industries
Financial Services, Fintech, Insurance
Funding Stage
Series Unknown
Social Media

Functional Finance - Company Profile

Functional Finance is a Financial Services, Fintech, and Insurance startup founded in 2021, offering Automated FinOps for Insurance. The platform provides insurance operators with a comprehensive solution for managing their financial back office. This includes handling billing, premium finance, payables, and other money movement functionality. The startup recently secured a significant $17.00M Venture Round investment on 30th May 2024, signaling confidence from potential backers in its innovative approach. With this recent injection of capital, Functional Finance aims to further develop and expand its offerings, potentially positioning itself as a key player in the evolving landscape of Insurtech.

Taxonomy: FinOps, Financial back office, Billing management, Premium finance, Payables, Money movement, Insurtech, Finance management, Financial technology, Automated processes, Operational efficiency, Financial services

Funding Rounds & Investors of Functional Finance (3)

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Funding Stage Amount No. Investors Investors Date
Venture Round $17.00M - 30 May 2024
Seed Round $10.00M 4 C.V. Starr & Co 03 Aug 2023
Seed Round $4.00M - 26 Jul 2022

Latest News of Functional Finance

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No recent news or press coverage available for Functional Finance.

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