Diesta, a London-based B2B SaaS company transforming payment operations in the insurance industry, has closed a $3.8 million Seed funding round. The round was led by FinTech Collective, with participation from Commerce Ventures and existing investors Restive Ventures and SixThirty. This funding follows a $2 million pre-seed round last year, reflecting strong momentum as Diesta scales its platform across the UK, Europe, and the US.
The insurance sector, processing over $1.75 trillion in commercial premiums annually, is highly fragmented and reliant on outdated manual processes, leading to an estimated $32 billion lost each year due to inefficiencies. Diesta addresses these challenges by modernizing premium payment operations, ultimately enhancing the overall wealth management ecosystem by ensuring smoother transactions and improved cash flow for clients.
Co-Founder and CEO Julian Schoemig noted, “We’re tackling the insurance industry's biggest back-office challenge—premium payments. Our platform brings digital payment innovation to a space long considered an unsolvable burden, making wealth management more efficient.”
With this investment, Diesta plans to accelerate its expansion into new markets and insurance classes while enhancing its platform with AI-driven integrations. This funding will support Diesta’s mission to become the essential payment operations layer for the insurance sector, paving the way for a more integrated approach to financial services that benefits wealth management.
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