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News by FinTech Collective Archive

Functional Finance raises $8m in Seed funding

Emma Ford

August 3, 2023

https://www.passle.net/Content/Images/passle_logo-186px.png Passle https://passle.net

Emma Ford

San Francisco based provider of data and reporting automation software for insurance companies raised $8m in Seed funding led by NEA.

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"Spreadsheets and emails are terribly inefficient, error-prone, and costly ways for the insurance industry to manage their payables and receivables," said Rashmi Melgiri, CEO of Functional Finance.

https://www.prnewswire.com/news-releases/insurtech-startup-functional-finance-raises-8-million-to-further-expand-operational-efficiency-for-the-insurance-industry-301892735.html

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