Diesta Raises $3.8 Million in Seed Round
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.
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.
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.
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