Aiwyn, a Charlotte, N.C.-based provider of automation software for Certified Public Accounting (CPA) firms, has secured $113 million in funding.
Investors
The round was led by KKR and Bessemer Venture Partners.
KKR is a global investment firm that provides alternative asset management, capital markets, and insurance solutions. KKR invests in private equity, credit, and real assets, and its insurance subsidiaries offer retirement, life, and reinsurance products through Global Atlantic Financial Group.
Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and grow long-standing companies. With over 145 IPOs and 300 portfolio companies spanning the enterprise, consumer, and healthcare spaces, Bessemer supports founders and CEOs from their early days through every growth stage. Bessemer manages over $18 billion in assets and operates across key hubs such as Silicon Valley, New York, London, and Bangalore.
Aiwyn Use of Funds
The company will use the funds to expand its product suite, including a universal client portal and a cutting-edge tax solution. The funding also supports Aiwyn's mission to modernize the accounting industry by providing scalable, AI-driven solutions.
About Aiwyn
Aiwyn.ai provides practice automation software designed to streamline the revenue management lifecycle for Certified Public Accounting (CPA) firms. The platform helps automate manual tasks like payments, collections, and invoice reconciliation, improving efficiency and client experiences. Today, Aiwyn serves 130 of the top 500 CPA firms.
Funding Details
Company: Aiwyn, Inc.
Raised: $113.0M
Round: Unknown
Funding Month: December 2024
Lead Investors: KKR, Bessemer Venture Partners
Additional Investors:
Company Website: https://www.aiwyn.ai/
Software Category: Practice Management
Source: https://www.businesswire.com/news/home/20241219022365/en/