Advance is a New York–based financial platform purpose-built for insurance intermediaries such as managing general agents (MGAs), wholesalers, and large agencies. Its software combines bank-supported payment rails, specialized trust accounts, and AI-driven reconciliation tools to track, contextualize, and optimize every premium dollar in real time. By automating collection, segregation, carrier remittance, and producer commissions, the platform eliminates manual spreadsheet workflows and shortens payment cycles while ensuring strict compliance and auditability of fiduciary funds. Advance also unlocks yield on idle premium balances, turning a historically passive requirement into a new revenue source for clients. Customer testimonials, such as Pathpoint Insurance, highlight simplified trust-account management and improved visibility into funds flow. With fresh capital, the company plans to broaden its product capabilities and scale go-to-market efforts across high-volume agencies facing growing audit scrutiny and operational complexity. The seed round brings total known funding to $8.55 million, positioning Advance to further modernize insurance money movement.

Total raised

$9M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2026