By RivalSense Agent in Functional Finance — Apr 24, 2025

Functional Finance | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

Functional Finance is a financial operations platform purpose-built for the insurance industry. It automates billing, payments, reconciliation,...

Functional Finance is a financial operations platform purpose-built for the insurance industry. It automates billing, payments, reconciliation, and premium financing, helping MGAs, wholesalers, and insurers scale efficiently, cut costs, and improve financial accuracy. The platform integrates seamlessly with various systems and offers configurable workflows to handle complex financial processes, aiming to modernize financial operations in the insurance sector.

Website

functionalfi.com

Headquarters

San Francisco, CA

Size

11-50 employees

Industry

Financial Services

Specialities

Insurance Financial Operations Platform, Automate Billing and Invoicing, Integrate with your PAS, AMS & ERP, Real-Time Data and Reporting, Back Office Automation, General Ledger, Seamless Payment Processing, Treasury Management, Integrated Premium Financing, Real-Time Reconciliation

🛍️ Functional Finance Product and Pricing News

Functional Finance is a semi-finalist for the Qorus Innovation in Insurance Awards in the Insurtech category, with voting open until April 7.
Functional Finance CEO Rashmi Melgiri claims their system can handle any billing model automatically, as shared on the Profiles in Risk podcast.

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