Tagged: accounting

October 21, 2024 @ 8:54 am By Tony Zerucha  |  

AI accounting automation platform Numeric has raised a $28 million Series A round. It was led by Menlo Ventures, with participation from new investors IVP and Socii Capital, and existing investors Founders Fund, 8VC, Long Journey, Access Industries, Friends & Family Capital, and others. This investment will accelerate engineering hiring and product development. In the past year,… Read More

September 24, 2024 @ 2:16 pm By JD Alois  |  

Accounting platform LiveFlow says it has closed on a $13.5 million Series A funding round. LiveFlow is a Fintec that powers an accounting automation platform that aims to assist accounting firms and finance departments. The funding round was led by Valar Ventures. Terms of the… Read More

August 6, 2024 @ 7:07 am By Omar Faridi  |  

In the world of fintech and accounting, some partnerships are built on shared vision and innovation. That’s the case with VEDA, a firm focused on tech accounting, and the innovative spend management platform at Payhawk. It started with a chance meeting. Danny from VEDA Accounting… Read More

June 15, 2024 @ 9:21 am By Michael Wong  |  

AccountsIQ, a cloud-based accounting platform, has raised €60 million (about $64 million) in a Series C funding round anchored by business-to-business (B2B) software-as-a-service (SaaS) growth equity fund Axiom Equity. The investment is set to bolster AccountsIQ’s product development, enabling the firm to integrate advancements in… Read More

June 1, 2024 @ 10:49 am By Michael Wong  |  

Virrtue, a Texas-based finance and accounting business process outsourcing (BPO) company, announced its acquisition of Virgate, a technology-driven accounting services firm based in Gloucester, England. This move is set to enhance Virrtue’s technological capabilities and expand its footprint in the UK and European markets. Arvind… Read More

May 20, 2024 @ 9:47 am By Tony Zerucha  |  

Teal, a startup in the accounting infrastructure for vertical SaaS businesses sector, has revealed an $8 million Seed round today. Founded in 2023 by Ian Crosby, former head of financial services at Shopify and CEO and co-founder of Bench Accounting, Teal allows vertical SaaS businesses… Read More

February 9, 2024 @ 5:45 pm By Omar Faridi  |  

Hiline, a provider of financial-operations-as-a-service that helps growth-minded organizations manage risk, improve outcomes, and make better decisions, announced it acquired Calculate, a New York-based outsourced accounting and finance firm dedicated to supporting the financial processes at emerging companies. This strategic acquisition represents “a significant milestone… Read More

December 22, 2023 @ 10:27 am By Omar Faridi  |  

Amdax‘s vault is reportedly among the first crypto service providers in the EU to achieve the  ISAE-3000 Type-1 audit, conducted by accountancy firm Grant Thornton and assisted by Big-Four consultancy firm Deloitte. Amdax, the crypto-asset custodian and asset manager, is confirming that it is “the… Read More

December 14, 2023 @ 9:12 pm By Omar Faridi  |  

The Financial Accounting Standards Board (FASB) published an Accounting Standards Update (ASU) intended to improve the accounting for and disclosure of certain crypto assets. FASB Chair Richard R. Jones said: “The new standard responds to feedback from stakeholders of all backgrounds who indicated that improving… Read More

November 30, 2023 @ 11:17 am By JD Alois  |  

Valid8 Financial has revealed an $8.5 million Series A funding round led by Silverton Partners. Other investors include, Touchdown Ventures, First Trust, CPA.com and Capital Midwest Roger Chen, a partner with Silverton Partners, will join the board of Valid8. Valid8 claims to be the global… Read More

November 27, 2023 @ 9:09 pm By Omar Faridi  |  

Xero, the global small business platform, has released a new report revealing Singapore’s accounting and bookkeeping sector is undergoing significant transformation, “driven by technology innovation and shifting client expectations.” Xero’s State of the industry report “surveyed 300 accountants and bookkeepers working in Singaporean practices to… Read More

November 22, 2023 @ 4:34 pm By Omar Faridi  |  

FloQast, a provider of accounting workflow automation software created by accountants for accountants and an AWS Qualified Software Partner, announced that the FloQast Accounting Operations Platform is now “available in AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that… Read More

November 7, 2023 @ 2:05 pm By Omar Faridi  |  

Ledge, the automated finance operations OS, released a finance industry report with new benchmark data that shows that finance teams at tech companies are forced “to inefficiently scale their headcount to manage the heavy workload of their finance operations.” Ledge’s research found that “as businesses… Read More

November 1, 2023 @ 1:34 pm By Omar Faridi  |  

Greenly, the carbon accounting platform that helps 1,500+ companies worldwide measure and then reduce their carbon footprint, has announced its new Climate Rating System, using a points and medal system– Bronze, Silver, Gold and Platinum – in order “to measure the reality of their customers’… Read More

October 1, 2023 @ 9:47 pm By Omar Faridi  |  

FloQast, a provider of accounting workflow automation software created by accountants for accountants, announced today a strategic consulting partnership with PwC Germany, a global firm focused on assurance, advisory, and tax services. This collaboration aims to transform financial close processes “for businesses across German-speaking countries… Read More

September 28, 2023 @ 11:33 am By Omar Faridi  |  

Xero, the global small business platform, announced the release of its State of the Industry Report for Canada, which found that the country’s accounting and bookkeeping firms have experienced widespread revenue and profit growth, “linked to the adoption of new operating models and cloud solutions.”… Read More

September 18, 2023 @ 7:32 pm By Omar Faridi  |  

LemonEdge – the platform for managing private markets fund and portfolio accounting on an API/low-code platform – are pleased to announce that Admina Fund Services has chosen it as their accounting solution. Admina Fund Services is a specialist administration service “for closed ended funds seeking… Read More

September 8, 2023 @ 4:43 pm By Omar Faridi  |  

TaxBit, the end-to-end modern tax and accounting solution for the digital economy, announced its AI-enabled rules engine “to empower businesses dealing with cryptocurrencies to streamline their accounting processes.” As the global cryptocurrency market surpasses a market capitalization of over $1 trillion, businesses “face mounting challenges… Read More

August 16, 2023 @ 4:56 pm By Omar Faridi  |  

Persefoni, a Climate Management & Accounting Platform (CMAP) for enterprises and financial institutions, announces a $50 million Series C-1 funding round and the launch of PersefoniGPT, the company’s AI co-pilot product “for carbon accounting and management.” This latest investment round was “led by TPG Rise… Read More

August 2, 2023 @ 4:42 pm By Omar Faridi  |  

Tide, the digital business financial platform, has launched its improved Tide Accounting tool, powered by Sage, in order “to help more small businesses meet their accounting needs directly from one place – their bank account.” At present SMEs have “to connect multiple solutions to their… Read More