Finally, a Miami, Florida-based AI bookkeeping startup, has raised $50 million in Series B funding and secured a $150 million credit line.
Investors
The round was led by PeakSpan Capital, bringing Finally's total funding to $305 million in debt and equity.
PeakSpan Capital is a growth equity firm headquartered in New York City and Silicon Valley. With over $1.5 billion in assets under management (AUM), the firm has partnered with over 30 scaleups.
Finally Use of Funds
The company plans to use the funds to invest in sales, marketing, and product enhancements, including global hiring modules and payment support. The company has grown to 220 employees and continues to expand.
About Finally
Founded in 2018 by Felix Rodriguez, his wife Glennys Rodriguez, and Edwin Mejia, Finally is a fintech company that provides AI-powered bookkeeping, accounting, and financial services for small and mid-sized businesses (SMBs). It offers tools for expense management, a corporate card, payroll processing, and business banking functions. The company serves over 1,500 businesses in the United States.
Funding Details
Company: Finally, Backoffice.co, Inc.
Raised: $50.0M
Round: Series B
Funding Date: September 2024
Lead Investors: PeakSpan Capital
Additional Investors:
Company Website: https://finally.com/
Software Category: Bookkeeping, Accounting, and Finance
Source: https://techcrunch.com/2024/09/09/miami-based-ai-bookkeeping-startup-finally-has-raised-another-big-round-200m-in-equity-and-debt/