A drone policy can be small. The work behind it can be enormous. Dyad builds software for the handoffs that decide whether insurance growth pays.
Input 1 began with a teenager, a programming book and a family insurance business. Four decades later, its unglamorous specialty - helping insurance companies collect, reconcile and finance premiums - offers a useful playbook for building durable vertical software.
Functional Finance is a San Francisco-based insurtech building the financial operations (FinOps) platform for the insurance industry. Its API-driven software automates billing, invoicing, premium collection, premium finance, payables, commissions, treasury and reconciliation for managing general agents (MGAs), wholesalers and carriers - replacing spreadsheets and manual data entry with near real-time, policy-aware money movement. Founded in 2021 by CoverWallet alumni, the company raised a $20M Series A in 2024 on the back of a 2,500% year-over-year jump in premium payment volume.