Diesta Raises $3.8M in Seed Funding to Modernize Payment Operations in Insurance Industry

Diesta, a London-based B2B SaaS provider revolutionizing payment operations in the insurance sector, has secured $3.8 million in a Seed funding round. The round was led by New York-based venture capital firm FinTech Collective, with participation from Commerce Ventures, alongside existing investors Restive Ventures and SixThirty. This latest funding builds on the company’s momentum, following a $2 million pre-seed round last year, as it scales its platform across the UK, Europe, and the US.
The insurance industry, which processes over $1.75 trillion in commercial premiums annually, continues to rely on fragmented, manual processes. Each policy generates approximately seven times its value in premium payments due to complex fund flows, leading to an estimated $32 billion in losses every year caused by inefficiencies in premium payment allocation. While digital transformation has simplified policyholder and claims payments, the B2B side of the insurance value chain remains largely manual.
Julian Schoemig, Co-Founder and CEO of Diesta, made the announcement at the ITC Vegas conference, stating, “We’re tackling one of the insurance industry’s largest back-office challenges—premium payments. Our digital payment platform is designed to ease this burden, providing significant value to both emerging insurtechs and large enterprises. With the support of leading investors, we’re excited to scale our solution and continue transforming the industry.”
Diesta’s platform integrates various payment and premium data sources into a unified system, significantly improving efficiency and unlocking new revenue opportunities for the insurance sector. The company has quickly gained traction, particularly in the London market, working with both nimble insurtechs and large enterprises generating over $1 billion in revenue.
“The traditional approach to payment processing in the insurance industry is outdated and unsustainable,” said Toby Triebel, Partner at FinTech Collective. “Diesta’s vision to bring real-time payments, reconciliation, and treasury management to this industry is a game-changer, and we’re proud to partner with them in driving this transformation.”
With the newly raised funds, Diesta plans to expand its geographic footprint and enhance its platform with AI-driven integrations and embedded fintech partnerships. The company’s goal is to become the go-to solution for payment operations across the global insurance sector, accelerating the digital transformation of one of the world’s most antiquated industries.