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705

Omer Rimoch

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Omer Rimoch
CEO & Co-Founder of
Advance (2024)
About

Omer Rimoch is Founder and CEO of Advance, a financial platform built for the insurance industry that modernizes how insurance intermediaries manage and move premium money.

Before founding

Omer studied at Ben-Gurion University of the Negev and previously co-founded PayEm as CTO in 2019, a spend and procurement platform that raised over $47M and serves hundreds of customers including Fiverr and JFrog.

Founder Insights

Omer has deep expertise in building fintech infrastructure for complex financial operations, having scaled PayEm from stealth to millions in revenue with 4x quarterly growth.

Experience

Advance raised $8.55M in seed funding led by nvp Capital with participation from Crystal Ventures, Vesey Ventures, and Mensch Capital, plus strategic angels including former Hippo Insurance CEO Assaf Wand.

Scale & Impact

The platform automates premium payment flows for MGAs, wholesalers, and high-volume agencies while enabling them to earn yield on idle premium balances, turning required financial operations into revenue-generating processes.

705

Omer Rimoch

Advance
Co-Founder
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Omer Rimoch

Company(s)

Advance

Industry

Fintech

Year Founded

2024

Stage/Funding

Seed • $8.55M

Company Location

us

Connect

About

Omer Rimoch is Founder and CEO of Advance, a financial platform built for the insurance industry that modernizes how insurance intermediaries manage and move premium money.

Before founding

Omer studied at Ben-Gurion University of the Negev and previously co-founded PayEm as CTO in 2019, a spend and procurement platform that raised over $47M and serves hundreds of customers including Fiverr and JFrog.

Founder Insights

Omer has deep expertise in building fintech infrastructure for complex financial operations, having scaled PayEm from stealth to millions in revenue with 4x quarterly growth.

Experience

Advance raised $8.55M in seed funding led by nvp Capital with participation from Crystal Ventures, Vesey Ventures, and Mensch Capital, plus strategic angels including former Hippo Insurance CEO Assaf Wand.

Scale & Impact

The platform automates premium payment flows for MGAs, wholesalers, and high-volume agencies while enabling them to earn yield on idle premium balances, turning required financial operations into revenue-generating processes.

About

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