Fast, Accurate,
Functional Finance

Our mission is to empower insurance companies with innovative financial software. By making billing, payments, and reconciliation work together in one easy-to-use platform, our clients can focus on delivering exceptional service and growing their business.

Functional Finance integrates with existing systems, automating tedious tasks and reducing manual errors. The platform ensures faster payments, improved cash flow, and accurate financial records, helping insurance operators manage their financial operations effortlessly and efficiently.

Functional Finance was created to address the unique needs of the insurance industry. We are dedicated to driving innovation and continually evolving to meet our clients' needs. Our vision is to be the go-to platform for insurance financial operations, enabling businesses to achieve new levels of efficiency and success.

Meet the team

Our team is a powerhouse of insurance and tech expertise, blending experience from leading insurance firms and top tech companies.

Rashmi Melgiri

Co-Founder & CEO

"In my past life running CoverWallet, I would regularly find myself on email chains with more than 10 people across 3 companies trying to locate where money had gone. It was infuriating. I started Functional Finance to eliminate this chaos, providing a seamless, transparent solution for managing financial operations."

Former founder of CoverWallet. Graduate MIT.

Tony DeGangi

Co-Founder & CTO

"Insurance billing and operations are incredibly complex, presenting one of the most challenging problems an engineer can work on. At Functional Finance, we thrive on tackling these complexities, creating innovative solutions that streamline and simplify financial processes."

Former founder of Renew. Graduate MIT.

Jim Ermilio

President

"As a veteran of the insurance industry, I believe we have a tremendous market opportunity to tap into. MGAs are becoming more specialized, and traditional distribution channels are as strong as ever. By solving the challenge of premium flows and financial accuracy, the timing is right to help these businesses unlock significant value through a unified financial operations approach."

Former President of CoverWallet. EVP Operations of Commerce Insurance.

Linda Briscoe

Chief Customer Officer

"With over 20 years of experience working with insurers, MGAs, and brokerages, I've seen firsthand the challenges and complexities of financial management in the insurance industry. I'm passionate about solving these problems, and now, I'm helping build a business that can solve this problem at scale with the solutions we create at Functional Finance."

Former VP of Insurance of CoverWallet. VP of Insurance of Layr.

Hal Schwartz

Chief Operating Officer

"I have worked in the Insurtech space for nearly 15 years. Every place I've been, there was a team of people required to tediously match each spreadsheet payment transaction to a received payment. Prior to Functional Finance, I had never seen a system that integrated and matched invoices to the dollars in my bank account, nor could I see refunds leaving those bank accounts, tracked back to a policy cancellation. I am excited to fix this gaping hole in data consistency with Functional Finance."

Former executive at Boundless Rider, Haven Technologies, Quilt, and Goji. Graduate Georgetown Law.

"We operated as a retail agency, wholesaler, and MGA with many insurer partners. Automating the back-office and providing visibility was our greatest challenge. With Functional Finance, I’m turning my experience into a solution that works industry-wide."

Rashmi Melgiri
Co-founder & CEO

Insurtechs love us. MGAs trust us. Insurers rely on us. Wholesalers count on us.

Smarter Strategic Decision Making

"Having co-founded AP Intego and witnessed its integration into Next Insurance, I've seen firsthand the challenges insurance operators face. Functional Finance stands out by providing a robust platform that addresses these challenges head-on. Their ability to automate billing operations, create simplistic workflows and comprehensive reporting not only simplifies financial processes but also empowers operators to make smarter, more strategic decisions. Functional Finance is paving the way for a more efficient and growth-oriented future in the insurance industry, and I'm honored to be part of this journey."

Steve Hauck, AP Intego
Former Co-Founder

Game-Changing Financial Management

"Functional Finance is redefining financial management for MGAs and other insurance operators, bringing a level of innovation and efficiency that I haven't elsewhere. Their platform leverages data-driven financial insights and automated processes to simplify what is often a very complex financial operating ecosystem. It's a game-changer for the industry, and I'm thrilled to support their mission."

John Horneff, Noldor
Former Founder

Backed by the best

Steve Hauck
Henry Kravis
Hank Greenberg

Our team is growing

We're currently hiring for several positions. If you want to join an innovative, forward-thinking team, we invite you to apply today.

Careers at Functional Finance