CEO & Co-Founder
Rashmi Melgiri is a serial entrepreneur and current co-founder & co-CEO of Functional Finance, a financial operations software company serving tech-forward insurance companies. The platform is an API-driven embedded solution to help operators automate and own all aspects of money flow from checkout and financing through payables and refunds.
Prior to founding Functional Finance, Rashmi was one of the co-founders of CoverWallet, a tech company reinventing the $100B commercial insurance market for small businesses. CoverWallet launched in 2016 and raised $60M from USV, Foundation, Index Ventures, Two Sigma, Founder Collective, Hank Greenberg (AIG/Starr), and Highland. CoverWallet has ~400 employees and hundreds of thousands of customers across the US. The company was acquired by Aon in January 2020.
Rashmi is a frequent speaker at conferences and an outspoken champion for women’s leadership, She was named one of the 42 women in tech who “crushed it” in 2017 (TechCrunch), and was part of the “Crain’s 40 Under 40” Class of 2018. Rashmi holds a bachelor’s degree in Economics from the Massachusetts Institute of Technology (MIT), and an MBA from MIT Sloan.