Chestnut

Chestnut

SaaS automating producer lifecycle and commissions

Overview

ChestnutFi provides a subscription-based software platform for the insurance industry that automates the lifecycle management of insurance producers. It includes onboarding and managing agent profiles, building flexible organizational hierarchies, tracking commissions and incentives, and handling debt reporting and collections. The platform is hosted as a SaaS solution, designed to save time and increase efficiency by automating administrative tasks, and it scales from small agencies to large carriers. ChestnutFi differentiates itself by focusing specifically on insurance producer management and related financial processes, serving carriers, agencies, BGAs, and IMOs. The company aims to streamline operations, improve accuracy in commissions and finance, and drive growth for its clients.

Significant Headcount Growth

About Chestnut

Simplify's Rating
Why Chestnut is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Fintech

Financial Services

Company Size

11-50

Company Stage

Seed

Total Funding

$7.3M

Headquarters

Seattle, Washington

Founded

2022

Get referred to Chestnut

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • Chestnut said in July 2026 it secured its first national carrier customer.
  • A 2025 job post claimed major insurers under contract, and early adopters were expanding.
  • The August 2026 hiring push signals active product velocity and customer implementation demand.

What critics are saying

  • LinkedIn showed only 19 employees on June 30, 2026, limiting enterprise deployment capacity.
  • No public funding followed the 2022 a16z seed, constraining sales and R&D runway.
  • If major carrier implementations slip, incumbents keep producer data and commissions workflows locked in.

What makes Chestnut unique

  • Chestnut’s July 2026 site sells a system of record for insurance distribution.
  • It integrates NIPR, producer self-service, flexible hierarchies, commissions, and debt management.
  • The product targets carriers, BGAs, and IMOs with insurance-specific workflow depth.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$7.3M

Above

Industry Average

Funded Over

0 Rounds

Benefits

Stock Options

Remote Work Options

Unlimited Paid Time Off

Health Insurance

Dental Insurance

Vision Insurance

Growth & Insights

Headcount

6 month growth

18%

1 year growth

18%

2 year growth

18%

Recently Posted Jobs

Sign up to get curated job recommendations

Chestnut is Hiring for 4 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify. Browse all jobs →