Finally, now with $10M, adds AI for better insight into small business accounting

Fintech startup Finally, which automates accounting and finance functions for businesses, has raised an additional $10 million in venture capital. The Miami-based company, founded in 2018, has been developing an automated solution for small businesses that includes bookkeeping, expense management, bill payment, and payroll. The firm also introduced an AI-powered ledger last year and provides a corporate card to assist small businesses with cash flow.

The new funding, led by PeakSpan Capital with participation from Active Capital, will be used for hiring, marketing, and tech stack expansion, including mobile versions of its apps. The company has seen significant growth, with over 1,000 new businesses per month. However, the company's valuation or revenue growth over the past year has not been disclosed.

Key takeaways:

Finally, a fintech startup, has secured an additional $10 million in venture capital to automate accounting and finance functions for businesses.
The company was founded in 2018 and has since been focusing on integrating business processes like bookkeeping, expense management, bill payment, and payroll into one automated solution for small businesses.
Finally has seen significant growth, with over 1,000 new businesses per month. The new capital will be invested in hiring, marketing, and tech stack expansion, including mobile versions of its apps.
PeakSpan Capital led the new funding round, with participation from Active Capital. The company is looking forward to leveraging AI to provide more insights to business owners.

Finally, now with $10M, adds AI for better insight into small business accounting | TechCrunch

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