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InsurePay

InsurePay

Private
Nashville, TennesseeFinTechhttps://www.insurepay.com

Last Round

Series B

Extension

Apr 12, 2022

Total Funding Raised

$5M

Momentum

Top 25%

of companies Caplight tracks

Company Overview

InsurePay is a financial technology company that provides a Software-as-a-Service (SaaS) platform for the insurance industry. The platform is designed to streamline and automate billing, payments, and reconciliation for carriers, managing general agents (MGAs), agencies, and policyholders. A core offering is its Pay-As-You-Go (PayGo) solution, particularly for workers' compensation, which calculates premiums based on actual payroll data rather than annual estimates, leading to more accurate billing. The company has expanded its services through acquisitions, including Split Limit Studios and AcordPay, to become a comprehensive payment and billing leader in the Insurtech space. InsurePay is backed by venture capital firms, having completed Series A and Series B funding rounds.

Sector

FinTech

Verticals

InsurTech, Digital Payments, Vertical SaaS

Business Model

B2B2C

Customer Profile

Subscription SaaS, Payment Processing Fee, Services & Consulting

AI Layer

Non-AI

Keywords

pay-as-you-goPayGoworkers' compensation billinginsurance paymentsinsurance billingusage-based insurancepremium collectionpayments automationpayroll integrationpayment reconciliationembedded paymentsclaims paymentsInsurTech platformvertical SaaSP&C insuranceproperty and casualty

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Caplight Momentum Score

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InsurePay Comparables

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

InsurePay comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
ePayPolicy
81%
BriteCore
78%
Ascend
77%

InsurePay Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Series B ExtensionApr 12, 2022
Series BJan 11, 2022
Series AFeb 17, 2021

Key People

Founding team and executive leadership

Adam Beck

President And CEO

Executive Team

Michael Carus

COO CFO

Executive Team

InsurePay Investors

Notable investors and investment history

InsurePay investors
InvestorRounds
Aquiline Capital PartnersSeries B Extension, Series B

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jul 26, 2026

    Monthly visitors increased 44% MoM.

  • Oct 8, 2025

    Integrations with Guidewire and Duck Creek carrier platforms mentioned.

InsurePay Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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InsurePay Filings

SEC and related filings with document metadata.

Firmographic Details

HeadquartersNashville, Tennessee
Employee Range69
Year Founded2003
Last FundingApr 12, 2022

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