The accounting platform Snyder has raised $2 million in a seed round aimed at attracting new clients and promoting the company’s visibility.
As TechCrunch reported on Friday (Aug. 27), the funding comes as Snyder Co-founders Michael Astreiko and Ilya Kisel wrap up their tenure at the seed money startup accelerator Y Combinator.
Snyder bills itself as an accounting platform for eCommerce services. The subscription SaaS offers an initial free trial, then allows users to buy additional services on its platform.
Originally founded as CloudBusiness in 2016, when it was focused on accounting automation and finance management for small to medium-sized businesses (SMBs), the company has since pivoted to helping commerce companies shift to omnichannel sales.
Speaking to TechCrunch, the founders said that shift can be “a huge pain” for SMBs as they wrestle with high fees and multiple payment systems.
Snyder assists companies by connecting sales channels such as Amazon,