Finally, a Miami, Florida-based fintech startup helping businesses automate their accounting and finance functions, has secured $10 million in funding.
SaaS Investors
The round was led by PeakSpan Capital, with participation from Active Capital.
Founded in 2015, PeakSpan Capital is a private equity firm based in San Mateo, California. The firm seeks to invest in digital health, edtech, hospitality technology, human capital management, infrastructure, marketing technology, commerce, payments, proptech, sales technology, and supply chain sectors.
Finally Use of Funds
The company will use the capital infusion to fuel the expansion of its suite of solutions, including bookkeeping, expense management, bill payment, and payroll automation, all integrated into one seamless platform. With plans to release mobile versions of its apps and expand its sales teams, finally aims to further streamline finance and accounting processes for SMBs.
About Finally
Founded in 2018, Finally is a fintech company that developed bookkeeping software designed to automate accounting and finance transactions in small and medium-sized businesses. The company's software uses artificial intelligence and features a robotic accounting engine that performs automated expense categorization, bank reconciliation, and document retrieval. The company currently serves over 1,500 businesses throughout the US and has partnered with industry leaders like Visa and Bancorp. Its mission is to help companies remove stress by automating their entire Finally and making bookkeeping easier and more efficient.
Funding Details
Company: Finally, Backoffice.co, Inc.
Raised: $10.0M
Round: Unknown
Funding Month: February 2024
Lead Investors: PeakSpan Capital
Additional Investors: Active Capital
Company Website: https://finally.com/
Software Category: Financial
Source: https://www.businesswire.com/news/home/20240206179705/en/