Advance seeks banks and payment infrastructure for US insurance
Terms
Payment methods
Geography
Details
Requirements
- A bank that serves the insurance sector
- Trust and operating accounts
- ACH, wires, checks and bill pay
- Operations in the United States
Advance insurance payments for agencies need specialised banking, so the platform is looking for banks willing to serve the insurance sector and for payment infrastructure providers. The legal entity is Flexx Inc. The request was published in February 2026; the company's investor requests are not part of it.
What is needed - insurance premium collection and disbursement; - banking infrastructure for trust and operating accounts; - ACH, wires, checks and bill pay.
Why it is not trivial Insurance agencies must keep client money separate from their own, in trust accounts. A partner bank has to understand this model and its accounting rules, which is why the company wants insurance-friendly banks specifically.
Geography and terms Per the product eligibility, the service operates in the United States; the request itself names no geography. It is a broad partnership request with no pricing or guaranteed volume. The Advance website already names OMB Bank as its banking provider, so some original needs may have been met. Illustrated balances and fundraising amounts on the site are not processing volume.
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