Diesta, a London, UK-based B2B SaaS company focused on transforming payment operations for the insurance industry, has raised $3.8 million in seed funding.
Investors
The round was led by New York’s FinTech Collective (FTC), with participation from Commerce Ventures and existing investors Restive Ventures and SixThirty.
FTC is a global VC firm founded in 2012 that focuses on backing founders in transforming financial processes and offers deep expertise in fintech, along with a global portfolio and U.S. network connections.
Diesta Use of Funds
The company plans to use the funds to expand its operations across the UK, Europe, and the U.S., enhance its platform with AI-driven features, and build fintech partnerships to offer advanced tools for insurance finance teams.
About Diesta
Founded in 2022 by Julian Schoemig and Christopher Davis, Diesta provides a payment operations platform that integrates various payment and premium data. It is designed to help insurance companies enhance efficiency and reduce costs associated with premium payments. The company has a diverse client base, including emerging insurtechs and large enterprises with revenues exceeding $1 billion.
Funding Details
Company: Diesta Limited
Raised: $3.8M
Round: Seed Round
Funding Date: October 2024
Lead Investor: FinTech Collective (FTC)
Additional Investors: Commerce Ventures, Restive Ventures, SixThirty
Company Website: https://www.diesta.co.uk/
Software Category: Payment Processing
Source: https://siliconcanals.com/insurtech-startup-diesta-raises-e3-4m/