Advance

About Advance

Advance is a financial technology company focused on helping insurance organizations manage premium balances with control, visibility, and yield. Their mission is to turn premium money from a passive liability into an asset by offering innovative financial solutions.

Products & Services

Premium Balance Management:Offers control, visibility, and up to 3% APY on premium balances with unlimited accounts at no cost, ensuring carrier-funds segregation compliance.

Manual Reconciliation Reduction:Reduces time spent on payment chasing and provides clearer visibility into premium balances and obligations.

Payment Processing:Earn on incoming balances while reducing costs of accepting payments through embedded checkout options.

Real-Time Cash Position Visibility:Provides instant insights into premium balances, carrier obligations, and cash flow, along with compliance-ready reporting.

Comprehensive Banking Tools:Includes bill pay, wire transfers, ACH, and check capabilities in one platform to manage banking relationships efficiently.

SOC 2 Type II Compliance:Offers bank-grade security and data protection for sensitive financial data, meeting high third-party standards.

Premium Financing:Provides free and embedded premium financing with revenue-sharing options.

Specialties

Insurance Premium Management Financial Yield Optimization Payment Processing Automation Compliance and Data Security (SOC 2 Type II) Real-Time Financial Visibility AI Workflows

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Seed T: - FT: Seed	A: 8550000 MR: - FA: 8.55 million FAN: 8550000	D: 2026-02-05 FD: 2026-02-05	5 investors

Seed Latest

2026-02-05

$8.6M

5 investors (Pro only)

Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

View 3 more growth metrics with Pro

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Mock Up

Team & Leadership

A

Alex Bargmann

CEO

Recent News

Advance Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised