Advance

Flexx Inc. doing business as Advance focuses on delivering financial technology solutions tailored for the insurance sector. The company is headquartered in New York, US. In November 2025, Advance raised USD 7.

3 million in seed funding led by NVP Capital, with participation from Crystal Venture Partners, Vesey Ventures, Mensch Capital Partners, and Harel Insurance. Advance offers a suite of financial technology solutions specifically designed for the insurance industry. Their core product is a banking platform that enables insurance companies to manage their financial operations efficiently, including fiduciary accounts, bill payment, and premium financing revenue share. The platform utilizes AI-enabled workflows for automation, streamlining processes such as invoice handling and integrated checkout.

Focused on compliance, particularly carrier-funds segregation, Advance provides services intended to maximize revenue while ensuring audit readiness. Their solutions target insurance providers across various geographical markets, including the United States and select regions in North America, equipping them with essential tools for enhanced financial management and operational efficiency. Advance's revenue model encompasses multiple streams, including subscription-based services and transaction fees. Clients can utilize the platform without incurring account maintenance fees while earning up to 3.

25% APY on their deposits. Revenue is generated through embedded checkout features and premium financing options, allowing users to benefit from revenue share opportunities. Transactions generally occur in a B2B context, with insurance companies leveraging the platform to optimize their financial workflows. Additionally, the AI-driven automation and reporting capabilities enhance operational efficiency, solidifying the financial value proposition for clients in the insurance sector.

The company plans to use the November 2025 funding to build out its payment and accounting tools and to hire staff focused on onboarding and supporting insurance agencies that handle large payment volumes.