Simfuni
Simfuni is an Auckland company that builds cloud software for life insurers, covering policy servicing, underwriting and claims as well as the premium billing, payments, reconciliation and arrears management underneath them.
- Category
- Fintech
- Fund
- NZVC I
- Website
- simfuni.com
- On TechMates
- 3 episodes
What Simfuni does
The platform gives insurers ready-to-deploy modules and a white-label policyholder portal for payments, self-service, and renewals across cards, direct debit, and digital wallets. Insurers also use it to migrate and service closed books, the old portfolios that cost the most to run and are hardest to change.
The secret
An insurer will not replace its core system, so anything that requires that never gets bought. Shipping billing and payments as modules that sit alongside what is already running is what turns a multi-year replacement project into a purchase decision.
Why NZVC invested in Simfuni
We backed Simfuni because insurance premium collection and reconciliation still run on aging, manual systems, and the market for software that fixes this is large and global. The team ships practical, ready-to-deploy modules that insurers can adopt without ripping out core systems, which shortens the path to revenue. The founders combine real insurance domain knowledge with modern product engineering, and the timing suits a sector now willing to move payments and servicing to the cloud.
Simfuni in the press
- Simfuni closed a $3 million oversubscribed roundNBR · 14 August 2025
- Simfuni signaled a funding push for 2025insuranceNEWS.com.au · 28 October 2024
- Simfuni won an ANZIIF accoladeinsuranceNEWS.com.au · 26 August 2024
- Simfuni won a New Zealand fintech awardinsuranceNEWS.com.au · 4 March 2024
- Simfuni raised a NZ$2.8 million Series AStartup Daily · 20 July 2023
- Simfuni launched its insurance premium payment platform in New ZealandInsurance Business · 11 July 2023
Simfuni on TechMates
From Edge to Epicenter: Building the NZ Innovation Ecosystem | NZVC Portfolio Day
You hear two founders and a seed investor argue about whether New Zealand is a good place to build. Shaun Quincey, Janine Grainger, and Jacques Richter cover regulators who take meetings, the $10M lifestyle trap, and why the ecosystem needs 5,000 startups rather than 1,000.
A joint episode, alongside Easy Crypto.
Simfuni on TechMates
Beyond Startup Hype: 5 Founders on Real Difficulties
You hear five founders in twelve minutes on the parts of startups that do not make the highlight reels. Shaun Quincey on finding the real buyer, Liam Kampshof on cowshed prototypes, Steven Zinsli on stopping what is wrong, Nick Damiano on deciding to found, and Anna Henwood on loving uncertainty.
A joint episode, alongside Bovonic, Andromeda Surgical, Extraordinary and Stickybeak.
Simfuni on TechMates
He Rowed the Tasman, Then Built and Sold a Fintech
You hear a man who rowed the Tasman alone explain what that taught him about selling to insurers. Shaun Quincey covers a BNPL exit with an earn-out, how Simfuni went from payments to running policy admin for eight insurers, and where genetics and wearables should stop in underwriting.
- Rowing Australia to New Zealand solo at 23: 54 days, capsizes, a bestselling book, and startup lessons.
- BNPL in services with 5k merchants, then a strategic sale to Latitude.
- Simfuni: payments wedge, then policy admin OS, then AI agents for customer ops.