Flexx

Advance (legal entity Flexx Inc.) is a New York financial technology company that builds a banking and payments platform purpose-built for the insurance industry. It gives insurance intermediaries bank-supported accounts and payment rails to collect, segregate, reconcile and remit premium dollars, connecting banking, policy administration and accounting systems without replacing them. Premium trust accounts held on the platform earn yield while staying segregated and compliant, turning fiduciary money movement into a revenue-generating process. The company raised an $8.55 million seed round announced in February 2026, led by NVP Capital with Crystal Venture Partners, Vesey Ventures, Harel Insurance Group, Mensch Capital and angels including Hippo founder Assaf Wand.

Combines bank-backed trust accounts, automated reconciliation and compliance in one insurance-native platform, so idle premium float earns yield (advertised up to 3% APY) instead of sitting dormant, while remaining fully segregated.