About Us

Empowering the future of insurance:
Our story & mission

We’re experienced operators who have dealt first hand with painful back offices. Functional Finance kills the pain.

Our Story

Why we started Functional Finance

“We had operations as a retail agency, a wholesaler and an MGA, along with many carrier partners. Automating the back office across the business while providing visibility to our partners and insureds was our greatest challenge. 

With Functional Finance, I am taking my first hand experience and turning it into a solution that truly works across the industry."

— Rashmi Melgiri, Functional Finance CEO & Co-Founder, xfounder of CoverWallet

Meet our Leadership Team

Rashmi Melgiri

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Co-Founder & CEO

Former founder of CoverWallet. Graduate MIT.

Tony DeGangi

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Co-Founder & CTO

Former founder of Renew. Graduate MIT.

Jim Ermilio

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Former President of CoverWallet. EVP Operations of Commerce Insurance.