Finally, a FinTech company aimed at automating back-office processes for small businesses, has scored $95m in its Series A.
The round, which was comprised of equity and debt, was led by PeakSpan Capital. Other contributions came from Active Capital, 500 FinTech, GTMfund, GeoCities founder David Bohnett and SessionM founder Scott Weller.
Clear Haven Capital supplied the debt facility – the size was not disclosed.
Funds from the round will help Finally expand its team and launch a corporate charge card for small businesses.
Founded in 2018, Finally automates back-office functions for SMBs and is currently used by over 1,000 businesses to get better visibility and management over core finance and accounting activities.
It claims to have experienced triple-digit growth over the past two years.
Its services include bookkeeping, tax returns, expense management, payroll, cash flow, bill pay, invoicing, accounting, tax compliance and more.
Finally founder and CEO Felix Rodriguez said, “Running a small business at any time is daunting.
“Juggling cash flow, taxes, and bookkeeping can often be a distraction from running and growing their actual businesses. Our mission at Finally is to relieve the burdens on small business owners and to level the playing field. This new funding will enable us to continue to support SMBs.”
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