Fintary Technologies Inc. has raised $10 million in new funding. The company will use the capital to expand its AI-powered platform for insurance financial management. Fintary automates the entire insurance commission lifecycle. Its platform handles complex compensation calculations, reconciliations, and agent payouts. This includes support for splits, overrides, and bonuses. The company aims to eliminate the 15 to 40 hours many agencies lose weekly to manual processing. This frees teams to focus on growth instead of administration. Fintary also provides real-time business insights and analytics. Insurers get immediate visibility into profitability by carrier, product, and agent. Agents can use a white-label portal to view their commissions at the policy level. They can also track performance and confirm payout accuracy. The Series A round was led by Infinity Ventures. Sierra Ventures LP and other existing investors also participated in the financing.
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