Fintary, an AI-powered platform that streamlines commission and financial operations for insurance organizations, has raised $10 million in Series A funding. The round was led by Infinity Ventures, with participation from Sierra Ventures and existing investors, bringing the company’s total funding to $12.8 million.
Insurance companies continue to manage commission structures across hierarchies, bonuses, overrides, and split payments using manual spreadsheets. Many agencies report spending 15 to 40 hours per week reconciling commissions and generating reports, creating operational bottlenecks and delays that impact revenue and agent satisfaction. Fintary addresses these challenges by automating commission workflows end-to-end, providing real-time visibility into profitability while ensuring agents are paid accurately and on time.
The company was founded by Qiyun Cai, who experienced these operational issues firsthand in previous roles. Under her leadership, Fintary has built a platform that combines insurance domain expertise with engineering talent from Google, Microsoft, and multiple venture-backed organizations. The platform is used across life and annuity, employee benefits, health, and property and casualty lines, helping customers reduce reconciliation timelines, improve payment accuracy, and strengthen agent retention.
The funding will support team expansion, product development, and platform scale as the company works to modernize financial operations across the insurance industry. And the funding will allow Fintary to expand its AI-powered financial management capabilities across broader insurance operations functions and support continued growth in the U.S. market.
KEY QUOTES
“I’ll never forget staying up until 2AM on a Sunday, buried in spreadsheets trying to reconcile commissions. And that’s when I realized it had to stop. The industry deserves better.”
Qiyun Cai, Co-Founder and CEO, Fintary
“Fintary stands out because they understand the insurance world from the inside out. Their platform has processed millions in commissions – they know the pain of chargebacks and hierarchy overrides firsthand. That’s why they’re able to build technology that goes beyond efficiency. Fintary is helping insurers grow faster, operate smarter, and turn financial operations into a competitive advantage.”
Jeremy Jonker, Co-Founder and Managing Partner, Infinity Ventures
