# SimplePin

> Cloud\-based digital payment and receivables automation platform for insurance

## At a glance

| Field | Value |
| --- | --- |
| Category | Payment Processing & Receivables |
| Type | Solutions Provider |
| Region | NA |
| Headquarters | Palm Beach, Florida |
| Founded | 2017 |
| Stage | Established |
| Employees | 11-50 |
| Funding | Series A |

## Overview

SimplePin is a cloud-based digital payment and receivables automation platform purpose-built for the insurance industry. The company streamlines the full lifecycle of premium sales receivables for insurance brokers, carriers, managed general agencies, and financial institutions. Founded in Montreal in 2017 and now headquartered in Florida, SimplePin automates invoice presentment, payment capture, statement reconciliation, and accounting integration—eliminating manual workflows and improving cash flow visibility for clients.

The platform supports multiple payment methods including credit cards, ACH/EFT, Interac, Apple Pay, and Google Pay. SimplePin integrates directly with major broker management systems including Applied Epic, Vertafore AMS360, and Acturis. The company's AI-driven check and statement capture technology uses OCR to extract payment data without manual data entry.

SimplePin has built a portfolio of high-profile insurance clients and partners, including M3 Insurance, Mountain West Insurance, and a network of regional and national brokers. The company has achieved Series A funding and continues to expand its market presence through integrations with industry-standard systems and strategic partnerships with vendors like DocuSign.

## Products & services

### Digital Invoice Presentment & Payment Capture

Enables agencies and carriers to present invoices online with integrated payment capture. Supports credit cards, ACH/EFT, Interac, Apple Pay, and Google Pay. Connects directly to core broker management systems.

**Key features:**

- Multi\-channel payment acceptance
- Real\-time invoice presentment
- Native integrations with Applied Epic, Vertafore AMS360, Acturis
- Automated payment routing and posting

*Target users:* Insurance brokers, carriers, MGAs, financial institutions processing insurance payments

### Check & Statement AI Capture

Automated capture system for processing checks, wire transfers, ACH transactions, and bank statements using OCR technology. Extracts payment data without manual data entry.

**Key features:**

- Intelligent document processing
- Automated data extraction
- Payment method recognition
- Error detection and exception handling

*Target users:* Finance teams managing diverse payment sources

### Direct Bill Commission Processing

Automates carrier statement parsing and commission posting directly into agency systems, eliminating manual reconciliation workflows.

**Key features:**

- Statement parsing and analysis
- Automated commission posting
- GL integration
- Exception management

*Target users:* Broker operations and finance teams

### Accounts Receivable Posting & Reconciliation

Automated AR posting with GL receipt matching and month-end reconciliation capabilities. The company claims to eliminate 78% of manual work in finance operations.

**Key features:**

- Automated AR posting
- GL matching and reconciliation
- Month\-end close automation
- Reporting and visibility

*Target users:* Broker and carrier accounting teams

### SimpleAPI Developer Center

Custom integration API for agencies and MGAs to build integrations with policy management systems and third-party platforms.

**Key features:**

- REST\-based API
- Custom integration capabilities
- Webhook support
- Developer documentation

*Target users:* Agencies and MGAs requiring custom integrations

## Category & focus

- Subcategories: Digital Payments, Invoice Management, AR Automation, Cash Flow
- Insurance verticals: P&C, Group Benefits, Life & Annuity
- Target customers: Brokers, Carriers, MGAs

## Notable customers

- M3 Insurance
- Mountain West Insurance
- Coastal Community Insurance Services \(CCIS\)
- CapriCMW
- Towne Insurance
- Amwins
- Acera
- Insurica
- Rogers Insurance
- Cowan Insurance
- Go Insurance
- Ostiguy & Gendron
- Axis Insurance
- Daniel & Henry Co\.
- James G Parker Insurance Associates
- Sahouri Insurance

## Links

- Website: <https://www.simplepin.com>
- Directory profile: <https://insurtechlist.com/companies/simplepin/>
- Blog: <https://simplepin.com/blog>
- About us: <https://www.simplepin.com/about-us>
- Linkedin: <https://www.linkedin.com/company/simplepin>

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*Last updated: 2026\-06\-17*