Advance raises $8.55 million seed round

Advance , a fintech platform focused on insurance premium banking and payments, has raised $8.55 million in seed funding.

Founded to modernize how insurance premiums are collected, held, and moved, Advance positions itself as infrastructure for insurers, MGAs, and insurance-adjacent fintechs that need embedded banking and payments capabilities. The platform is designed to support premium flows, reconciliation, and payment operations that are often fragmented across legacy systems.

The seed round, completed on December 18, 2025, marks the company’s first disclosed funding event and brings total capital raised to $7.3 million. No investor details were publicly listed.

According to its website, clients include Voom, Assureful, Novella, and Pathpoint, and LinkedIn shows the company operates with a team of seven.

* The article has been updated on Feb 5th, 2026 to reflect $8.55 million in funding.