The accounting industry is evolving rapidly, driven by automation, AI, and cloud-based solutions. Investors are taking notice, pouring millions into startups that promise to revolutionize bookkeeping, tax management, financial reporting, and more.
In recent years, several accounting companies have secured funding between $1M and $5M, signaling strong growth potential and increasing demand for innovative financial solutions. These companies are not only streamlining complex processes but also making accounting more accessible for businesses of all sizes.
In this blog, we’ll highlight 10 accounting companies that have successfully raised funding in this range, exploring their unique offerings, funding details, and how they are shaping the future of financial management.
Meet 10 Accounting Startups Backed by Investors
As the demand for smarter and more efficient financial solutions grows, investors are placing big bets on accounting startups that leverage automation, AI, and cloud-based tools. These companies are solving critical pain points, from simplifying bookkeeping to improving tax compliance and financial forecasting.
Below, we highlight 10 accounting companies that have successfully raised between $1M and $5M in funding. Each of these startups is making waves in the industry, bringing fresh innovation and cutting-edge technology to the world of finance.
Let’s take a look at who they are and what makes them stand out!
| Company | Founded | Location | Employees | Last Funding | Last Funding Date | Total Funding |
|---|---|---|---|---|---|---|
| Fazeshift | 2023 | San Francisco, CA, USA | 1-10 | $4M | Jan 7, 2025 | $4.5M |
| Myko AI | 2020 | Scarsdale, NY, USA | 1-10 | $2.7M | Feb 26, 2024 | $2.7M |
| Campfire | 2023 | San Francisco, CA, USA | 1-10 | $3.5M | Feb 27, 2024 | $3.5M |
| Billables AI | 2023 | San Francisco, CA, USA | 1-10 | $3.9M | Oct 2, 2024 | $3.9M |
| InScope | 2023 | San Francisco, CA, USA | 1-10 | $4.3M | June 12, 2024 | $4.3M |
| Credit Pulse | 2023 | Denver, CO, USA | 1-10 | $3M | Aug 29, 2024 | $3M |
| AUDAVIS | 2023 | Munich, Germany | 1-10 | €1.1M | Jan 15, 2025 | €1.1M |
| Dealflow | 2021 | Copenhagen, Denmark | 1-10 | €500K | June 27, 2024 | €1.56M |
| Omaha Insights | 2024 | Paris, France | 11-50 | €3.5M | Nov 12, 2024 | €3.5M |
| Cofers | 2024 | Mexico City, Mexico | 1-10 | €80K | Apr 10, 2024 | $1.04M |
1. Fazeshift
- Founded: 2023
- Location: San Francisco, California, USA
- Industry: Accounting, Artificial Intelligence (AI), Business Process Automation (BPA)
- Number of Employees: 1-10
- Last Funding Amount: $4M (Latest Round: January 7, 2025)
- Total Funding Amount: $4.5M
Fazeshift is an AI-powered platform that automates invoicing, cash application, and collections to streamline accounts receivable processes for enterprises. By leveraging artificial intelligence, Fazeshift enhances cash flow management, reduces errors, and improves financial efficiency. The platform offers customizable workflows, allowing businesses to adapt to unique operational challenges and optimize revenue cycles. With a focus on automation and accuracy, Fazeshift helps enterprises accelerate payment collections and minimize manual efforts, ensuring seamless financial operations.
2. Myko AI
- Founded: 2020
- Location: Scarsdale, New York, USA
- Industry: Accounting, Finance
- Number of Employees: 1-10
- Last Funding Amount: $2.7M (Latest Round: February 26, 2024)
- Total Funding Amount: $2.7M
Myko AI is a data-driven financial planning and analysis platform designed to help companies streamline budgeting and enhance decision-making. The platform enables finance professionals to directly access data and reports from QuickBooks into Excel or Google Sheets, reducing manual effort and improving efficiency.
By integrating automation with financial reporting, Myko AI allows businesses to optimize their workflows and make data-driven decisions with greater accuracy. The company’s innovative approach simplifies financial data management, making it an essential tool for businesses looking to improve their financial operations.
3. Campfire
- Founded: 2023
- Location: San Francisco, California, USA
- Industry: Accounting, Finance
- Number of Employees: 1-10
- Last Funding Amount: $3.5M (Latest Round: February 27, 2024)
- Total Funding Amount: $3.5M
Campfire provides accounting software designed for startups and midsize businesses, automating tedious financial procedures and streamlining workflows. By simplifying the monthly close process, Campfire helps businesses unlock critical financial insights and maintain accurate records efficiently. The platform is built to enhance financial operations, reducing manual effort while improving data accessibility and reporting. With a focus on automation and ease of use, Campfire is an essential tool for businesses looking to optimize their accounting processes and make data-driven decisions.
4. Billables AI
- Founded: October 2023
- Location: San Francisco, California, USA
- Industry: Accounting, Artificial Intelligence (AI)
- Number of Employees: 1-10
- Last Funding Amount: $3.9M (Latest Round: October 2, 2024)
- Total Funding Amount: $3.9M
Billables AI is an AI-powered platform designed for modern professional services, including lawyers, consultants, accountants, and marketers. Its flagship product, the Automated Billable Time Report, helps service providers streamline their billing process and recover more billable hours. The software seamlessly integrates with workflows such as Microsoft, Google, Adobe, and Zoom, capturing billable time in the background.
It then generates a completed time report with client matching and auto-generated descriptions tailored to each user. By automating legal time-tracking and improving efficiency, Billables AI empowers professionals to focus on their work while optimizing revenue generation.
5. InScope
- Founded: 2023
- Location: San Francisco, California, USA
- Industry: Accounting
- Number of Employees: 1-10
- Last Funding Amount: $4.3M (Latest Round: June 12, 2024)
- Total Funding Amount: $4.3M
InScope is a company that is revolutionizing the fields of accounting, financial reporting, and audits. With a focus on the future of finance, InScope is creating innovative solutions that simplify and streamline financial processes for businesses. The company’s platform empowers organizations to handle complex financial tasks with greater accuracy and efficiency, helping them stay ahead in an evolving industry. InScope’s mission is to build the future of accounting and finance by offering cutting-edge tools that enable better decision-making and operational success.
6. Credit Pulse
- Founded: November 2023
- Location: Denver, Colorado, USA
- Industry: Accounting, Fintech
- Number of Employees: 1-10
- Last Funding Amount: $3M (Latest Round: August 29, 2024)
- Total Funding Amount: $3M
Credit Pulse is revolutionizing commercial credit risk management with its AI-powered decision-making platform. The company’s technology streamlines the credit assessment process, enabling businesses to evaluate the creditworthiness of customers and vendors with precision.
By automating decision-making, Credit Pulse enhances customer onboarding, reduces bad debt, and allows businesses to continuously monitor credit risks. The platform empowers credit managers to make faster, more accurate decisions, improving operational efficiency and reducing financial risk.
7. AUDAVIS
- Founded: July 2023
- Location: Munich, Bayern, Germany
- Industry: Accounting, Finance
- Number of Employees: 1-10
- Last Funding Amount: €1.1M (Latest Round: January 15, 2025)
- Total Funding Amount: €1.1M
AUDAVIS is a cutting-edge AI-powered platform that transforms the accounting and finance industry. The company leverages advanced AI algorithms to streamline financial reporting, improve accuracy, and enhance efficiency. By automating complex financial processes, AUDAVIS helps businesses save time, reduce human error, and make better financial decisions. The platform is designed for finance professionals seeking innovative solutions to manage and analyze financial data seamlessly.
8. Dealflow
- Founded: September 1, 2021
- Location: Copenhagen, Hovedstaden, Denmark
- Industry: Accounting, Billing, Finance
- Number of Employees: 1-10
- Last Funding Amount: €500K (Latest Round: June 27, 2024)
- Total Funding Amount: €1.56M
Dealflow is an innovative platform that streamlines billing and accounting processes for businesses. With a focus on simplifying financial workflows, Dealflow helps organizations manage invoices, billing, and payments with ease. The platform is designed to enhance productivity by automating key processes, improving financial transparency, and reducing manual errors. Ideal for startups and small to mid-sized businesses, Dealflow ensures accurate financial tracking and quick decision-making.
9. Omaha Insights
- Founded: 2024
- Location: Paris, Ile-de-France, France
- Industry: Accounting, Analytics, Financial Services
- Number of Employees: 11-50
- Last Funding Amount: €3.5M (Latest Round: November 12, 2024)
- Total Funding Amount: €3.5M
Omaha Insights is a cutting-edge analytics and financial services company that focuses on providing advanced insights for businesses. The company offers data-driven solutions designed to improve decision-making, financial performance, and strategic planning. By leveraging powerful analytics tools, Omaha Insights helps businesses optimize their financial processes, unlock growth opportunities, and streamline their accounting functions. The company’s innovative approach to financial analytics ensures organizations stay ahead in an increasingly competitive environment.
10. Cofers
- Founded: 2024
- Location: Mexico City, Distrito Federal, Mexico
- Industry: Accounting, Finance, FinTech
- Number of Employees: 1-10
- Last Funding Amount: €0.08M (Latest Round: April 10, 2024)
- Total Funding Amount: $1.04M
Cofers is a fintech company transforming financial services in Mexico with its AI-driven platform designed to streamline accounting and finance processes. The company’s solution helps businesses automate invoicing, improve cash flow management, and enhance financial decision-making. Cofers offers a user-friendly interface that simplifies financial reporting, enabling businesses to stay organized and make informed decisions. By leveraging AI, Cofers improves accuracy, efficiency, and financial control, especially for small and mid-sized enterprises.
Conclusion
The accounting industry is being revolutionized by startups leveraging automation, AI, and cloud solutions to simplify financial processes. These 10 companies, each with funding between $1M and $5M, are driving innovation in areas like invoicing, financial reporting, and credit risk management. By addressing key pain points, they’re making accounting more efficient and accessible for businesses of all sizes.
Investor interest reflects the potential of these companies to disrupt traditional accounting methods and deliver significant value. As they continue to grow, their solutions will play a key role in shaping the future of financial management, helping businesses optimize operations and make better data-driven decisions.
FAQs
Q. What are the benefits of using these accounting platforms?
Answer: These platforms help businesses reduce manual effort, improve accuracy, enhance decision-making, and streamline financial operations, allowing companies to save time and improve financial efficiency.
Q. Can small businesses benefit from these startups?
Answer: Yes, many of these platforms are designed with small to mid-sized businesses in mind, offering user-friendly tools that streamline accounting and financial processes to save time and reduce errors.
Q. How can these accounting startups shape the future of financial management?
Answer: These startups are paving the way for the future of accounting by introducing automation, data-driven insights, and advanced technology that help businesses make informed decisions, improve financial control, and optimize their operations.