Bookkeeping platform Zeni has launched an AI-powered finance concierge for startups.
This release was accompanied by the announcement the FinTech has raised a total of $13.5m in funding since it was founded.
Zeni’s Series A round was led by Saama Capital and supported by Amit Singhal, Sierra Ventures, SVB Financial Group, Liquid 2 Ventures, Firebolt Ventures, Dragon Capital and Twin Ventures. Several unnamed angel investors also contributed.
The FinTech claims its manages more than $200m in funds each month across 100 startup customers.
Its AI-powered concierge platform handles daily bookkeeping and manages a host of other financial needs of its customers. Through its dashboard, a company can quickly monitor the burn rate, operating expenses, cash and card balance, revenue by product, month-end reports and more.
Some of its other features include bill pay and invoicing, payroll admin and annual tax support.
Zeni co-founder and CEO Swapnil Shinde said, “Startup founders are flying blind daily because they don’t have access to a timely, accurate snapshot of their business finances.
“We’re giving founders and startup decision makers real-time visibility, control, and expert support with a finance solution that can finally keep pace with their growing business.”
Zeni claims it has processed over $300m in transactions during its first year and is set to hit a total of $1bn in the next 12 months.
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