In a significant move for the FinTech industry, finally, a leading startup focused on providing solutions for small- to medium-sized businesses (SMBs), has secured $10 million in new funding to fuel its expansion and enhance its suite of offerings.
Strategic Investment and Partnerships
The funding round was led by PeakSpan Capital, a prominent venture capital firm known for its investments in innovative technology companies. Active Capital also participated in the round, signaling confidence in finally’s vision and potential for growth. With this injection of capital, finally aims to accelerate its go-to-market strategy and introduce new products, including mobile versions of its bookkeeping, expense management, and business banking apps.
Empowering SMBs with Innovative Solutions
Felix Rodriguez, the founder and CEO of finally, emphasized the importance of providing comprehensive solutions for SMBs. He highlighted the challenges faced by business owners when managing disparate vendor tools and expressed his commitment to empowering SMBs with the tools they need to thrive. The new funding will enable finally to enhance its offerings and provide SMB owners with better visibility and management over their finance and accounting activities.
A Track Record of Innovation
The latest funding round comes on the heels of two years of significant momentum for finally. In the past year alone, the company announced the development of an AI ledger, expanded its business banking services, and unveiled a new version of its bookkeeping app. Building on the success of its previous Series A funding round, which raised $95 million in 2022, finally is poised to further solidify its position as a leader in the FinTech industry.
Strategic Partnerships and Collaborations
finally has established strategic partnerships with some of the most innovative companies in the FinTech space, including Visa, Bancorp, and Threadbank. These collaborations have enabled finally to leverage cutting-edge technologies and deliver best-in-class solutions to its customers. The company’s commitment to innovation and customer satisfaction has propelled its growth and strengthened its position in the competitive FinTech landscape.
Vision for the Future
Jack Freeman, Partner at PeakSpan Capital, expressed enthusiasm for finally’s trajectory and highlighted the company’s significant achievements in scaling revenue, attracting top talent, and launching new products. With the infusion of growth capital, finally is well-positioned to capitalize on emerging opportunities in the SMB market and drive meaningful impact in the years to come.
The latest funding round marks a pivotal moment for finally as it embarks on the next phase of its journey. With a strong focus on innovation, customer-centricity, and strategic partnerships, finally is poised to redefine the landscape of financial services for SMBs and empower entrepreneurs to achieve their business goals. As the company continues to expand its product offerings and scale its operations, it remains committed to delivering value-driven solutions that empower SMBs to thrive in an increasingly digital economy.