Functional Finance

Functional Finance is a software company that provides a platform for managing financial operations (FinOps) specifically for managing general agents (MGAs), insurance companies, and wholesalers. Their platform automates tasks such as billing, invoicing, premium payments, collections, reconciliation, and treasury management, enabling insurance organizations to streamline their back-office functions and focus on core business activities. The company is backed by notable investors including Walkabout Ventures, Munich Re Ventures, and Hank Greenberg's Starr Insurance.

Functional Finance emphasizes ease of use and seamless integration with existing systems. Their platform is designed to be customizable and scalable, catering to the needs of insurance businesses of various sizes and complexities. They offer a range of features including automated billing, real-time reporting, flexible payment options, and enhanced security protocols, all aimed at improving efficiency, accuracy, and customer experience in the insurance industry.

Functional Finance offers a hybrid work model, allowing employees to enjoy the benefits of both in-office collaboration and the flexibility of working remotely. The company encourages a work-life balance, emphasizing the importance of employee well-being and individual preferences.

Functional Finance empowers insurance companies, MGAs, wholesalers, and insurers with innovative financial software that streamlines billing, payments, and reconciliation into one easy-to-use platform. This allows clients to focus on delivering exceptional service and growing their business, while reducing errors and improving cash flow.

Functional Finance cultivates a culture of innovation, efficiency, and collaboration. They pride themselves on having a team of experts with backgrounds in both insurance and technology, who are passionate about solving complex financial problems in the insurance industry. The company promotes an open and transparent environment, encouraging employees to share ideas and work together to build a better future for insurance businesses.

Functional Finance is committed to building a diverse, equitable, and inclusive workplace. They believe that a diverse team with different perspectives and experiences fosters innovation and creativity. They actively seek to hire and retain employees from all backgrounds and identities, creating a culture of respect, belonging, and opportunity for all. They are also dedicated to promoting equity in the workplace by ensuring that everyone has access to the same opportunities for advancement, regardless of their background or identity.