See why MGAs like Obie love Functional Finance |
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See why MGAs love us |
Read Obie's Story
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.
Our team is a powerhouse of insurance and tech expertise, blending experience from leading insurance firms and top tech companies.
"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.
“At Bloomberg and AmFam, I saw how quickly complexity can make financial and insurance systems hard to reason about. Contracts, logic, and fund flows become fragmented, and trust becomes harder to maintain. At Functional Finance, I’m focused on building a more unified foundation, where these elements come together in a transparent and deterministic way, and where AI powers a new approach to R&D without compromising auditability.”
Ex-Meta, AmFam, Amazon, Bloomberg, Microsoft, IBM.
"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.
"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."
"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."
We're currently hiring for several positions. If you want to join an innovative, forward-thinking team, we invite you to apply today.
Functional FInance is a financial technology company, not a bank or FDIC-insured depository institution. Banking services are provided by Grasshopper Bank, N.A.; Member FDIC. The FDIC's deposit insurance coverage only protects against the failure of an FDIC-insured bank.