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Advance

Advance

Private
New York City, New YorkFinTechhttps://advance.money/

Last Round

VC Round

Mar 29, 2023

Total Funding Raised

$10M

Company Overview

Advance is a fintech company that provides financial infrastructure for the insurance industry, modernizing how insurance intermediaries manage and move premium funds.

Sector

FinTech

Verticals

Lending & Credit, HR, Digital Payments

Business Model

B2B2C

Customer Profile

Usage-Based SaaS, Subscription SaaS

AI Layer

Non-AI

Keywords

EWAearned wage accesssalary advancesalary on demandpayday loan alternativepayroll integrationfinancial wellnessinstant payemployee benefitsshort-term liquidityB2B2Cfintechpayroll financingusage-based billing

Historical Pricing

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Advance Comparables

Compare Advance with similar companies based on industry and business-model similarity.

Advance comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
AgadPay
93%
Paywatch
90%
GetPaid
87%

Advance Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
VC RoundMar 29, 2023
DebtMar 29, 2023
SeedMay 28, 2020

Advance Investors

Notable investors and investment history

Advance investors
InvestorRounds
Next Billion VenturesVC Round
Utopian VenturesVC Round
Integra PartnersVC Round, Seed
Foxmont Capital PartnersVC Round
LendableDebt, VC Round
Accion VenturesVC Round, Seed
Do VenturesVC Round

Advance Filings

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Advance filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

Common questions about Advance's valuation, stock price, and market status.

Is Advance a public or private company?

Advance is a private company.

What is the current stock price of Advance?

Advance is a private company with no public stock price. No recent secondary market data is available.

How much is Advance worth (valuation)?

Valuation information for Advance is not publicly available.

Can I buy Advance stock?

Advance shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.

When was Advance's last funding round?

Advance's most recent funding round was VC Round on March 29, 2023.

Who are the main investors in Advance?

Key investors in Advance include Lendable, Do Ventures.

Will Advance IPO soon?

No public IPO plans have been announced for Advance.

How can I track Advance secondary market activity?

Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor Advance's secondary market activity and sign up for updates.

Firmographic Details

HeadquartersNew York City, New York
Year Founded2024
Last FundingMar 29, 2023

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