Fintary, an AI-powered revenue growth platform that helps insurance organisations streamline commission and financial operations, has raised $10m in a Series A funding round.
The round was led by Infinity Ventures, with participation from Sierra Ventures and other existing investors.
This latest investment brings Fintary’s total funding to $12.8m and will support the company’s mission to modernise financial operations across the insurance industry.
Founded by co-founder and CEO Qiyun Cai, Fintary is an InsurTech firm that automates complex commission processes for insurance agencies. Traditionally, insurance companies have struggled with time-consuming and error-prone manual systems to manage hierarchies, overrides, and bonuses. Agencies reportedly spend between 15 to 40 hours a week on commission processing, reconciliation, and reporting — time that could instead be dedicated to driving business growth.
Fintary’s technology addresses these inefficiencies by automating commission management end-to-end, offering real-time visibility into profitability and ensuring agents receive accurate and timely payments. The platform enables insurers to reduce operational bottlenecks, minimise revenue leaks, and enhance agent satisfaction.
The newly secured funds will allow Fintary to expand its team, extend its product capabilities, and broaden its AI-powered platform into wider areas of insurance financial management.
The company, which serves insurance organisations across life and annuity, employee benefits, health, and property and casualty lines, has already helped clients reduce manual reconciliation time from weeks to minutes. This has improved payout accuracy and boosted transparency across financial processes.
Fintary co-founder and CEO Qiyun Cai said, “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.”
Infinity Ventures co-founder and managing partner Jeremy Jonker said, “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.”
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