Finally, SMB Accounting Startup, Raises $95M

Accounting and finance automation startup Finally raised $95 million in a Series A equity and debt funding round led by PeakSpan Capital, according to a press release on Monday (March 21).

Active Capital, 500 FinTech, GTMfund, GeoCities founder David Bohnett, and SessionM founder Scott Weller also participated in the funding, with Clear Haven Capital providing the debt facility. 

The fresh infusion of capital will be used to expand the company’s workforce and launch a corporate charge card for small and medium-sized businesses (SMBs). The company was formerly known as Back Office.

See also: Firms That Automate Accounting Processes Cut Missing Invoices by 60%

“Running a small business at any time is daunting,” said Felix Rodriguez, Finally co-founder and CEO. “Juggling cash flow, taxes and bookkeeping can often be a distraction from running and growing their actual businesses. Our mission at Finally is to relieve the burdens on small business owners

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Vida Well Being Raises $110m In Collection D Spherical Led By General Atlantic, Centene, And Axa Enterprise Companions

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