Advance, a financial platform built for insurance that reduces operational friction while ensuring premium dollars are controlled and earning, has raised $8.55 million to expand its platform that enables insurers to monetize premium payments through embedded financial services. Rather than treating payments as a cost center, the company helps insurers generate revenue through financing, fees, and improved cash flow management. The round signals growing interest in payment-layer innovation within insurance operations.

FinTech, Advance Raises $8.55M to Turn Insurance Payments into Revenue