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

Posted under: SMB
Date: 2024-02-09
Finally, now with $10M, adds AI for better insight into small business accounting

Fintech startup Finally has secured another $10 million in venture capital, following a $95 million funding round in 2022. The Miami-based company, founded in 2018, focuses on automating accounting and finance functions for small businesses. The company has added an artificial intelligence-powered ledger, business banking functions, and a new version of its bookkeeping app. Finally also provides a corporate card to help small businesses manage their cash flow and provide insights. The new capital, led by PeakSpan Capital and Active Capital, will be invested in hiring, go-to-marketing, and expanding Finally's tech stack, including mobile versions of its bookkeeping, expense management, and business banking apps. The company aims to leverage AI to provide more insights and highlight data points, which is not always available to business owners.

Read more at: techcrunch.com