Michele Mattei的动态

The need for embedded finance for Vertical SaaS is growing exponentially but accounting is the most demanded feature that has not yet been incorporated. The absence of an accounting solution is the top reason for the lack of adoption of financial services features. By offering software directly within their platforms,?Teal’s customers create a financial hub that enhances engagement with the rest of their financial service products such as payments, invoices, and banking. https://lnkd.in/enHHJ2pC Adam Saint Ian Crosby Torch Capital Basis Set General Advance Dash Fund #Canada #fintech #funding #news #Startups

As part of this vision, Qonto is acquiring Regate, a French startup we covered after it raised a €20 million Series A round ($22 million at today’s exchange rate). Regate is an accounting automation software-as-a-service startup. It integrates directly with existing accounting software platforms like Sage, Cegid and ACD so that Regate can focus on financial automation. While Regate’s acquisition is only the second acquisition in Qonto’s history, it’s most likely not the last one. In part because its executives are happy with how Penta’s integration went, but also because of its current opportunity window. Credit: Romain Dillet Anna Heim via TechCrunch #fintech #acquisition #cash #unicorn #qonto #automation #saas #accounting https://lnkd.in/eeYqbnRc

As know-how will get more and more helpful, most firm founders are inspired to consider their tech stacks even early on. Principally, your stack is the grouping of software program options you employ at your organization. It’s known as a stack as a result of, in a perfect world, these instruments stack collectively to create a system that capabilities collectively to drive outcomes at your corporation. In the early phases, integrating your stack may be easy. Copy-pasting a Zoom assembly hyperlink into Slack is an ideal instance of what number of early-stage firms “hyperlink” instruments collectively of their stack. As your organization grows, its stack usually does, too — and the complexity of the integrations between options does the similar. Thankfully, founders normally have a couple of years earlier than they should work on any refined connections. Hottest softwares have integrations already in-built that may serve you effectively in your early years.? That doesn’t imply you must skip planning your stack, although. The choices you make about the software program you undertake right this moment have the potential to influence your organization for many years to return.? We’re not software program builders. However we are specialists in serving to startups construction their accounting to scale with their enterprise. Leveraging that experience, we wished to share some recommendations on laying the proper basis for your fintech (monetary know-how) stack.? ? The primary constructing blocks Rakesh Shah, who works as a fractional CFO for a variety of firms, has recommendation: “Begin off as you imply to go on. It is going to pay dividends years down the highway.” By this, he means rigorously deciding on and thoughtfully deploying fintech instruments you intend to make use of long-term. For the overwhelming majority of startups, the first element you lay down in your fintech stack needs to be accounting software program. So we’ll use that for example right here. ? As you select and implement your early fintech instruments, beginning off as you imply to go on means specializing in these three areas:? #1: The best resolution At an early-stage firm, there usually isn’t a ton of economic information to load in or loads of accounts to sync. Nonetheless, it’s a carry to get a brand new accounting software program deployed. It solely is smart to speculate this time and vitality when you’re assured the resolution will assist your organization long-term because it grows.? Be picky about the software program you deploy. Most firms provide demos so you possibly can see how the resolution works and discover its makes use of at your startup. Take the time to get to know your decisions earlier than you choose an accounting software program.? Particularly, keep away from two widespread pitfalls. Don’t simply select the hottest possibility, and don’t select the most cost-effective one, both.? Whereas worth and measurement

A well-structured Chart of Accounts (COA) is your startup’s financial roadmap, helping you track every dollar, stay compliant, and make smarter decisions as you grow. In our latest blog, we break down what a COA is, why it’s essential for startups, and how to create one tailored to your business. Plus, we’re sharing ready-to-use templates for industry-specific COAs, including SaaS and eCommerce. ?? Read more: https://lnkd.in/dZxMjiGn #startupaccounting #startupfinance #startupgrowth

?? 40 million Series C turns French Pennylane into unicorn You can find the full article with all the links here: https://lnkd.in/dQGHgjzq French accounting and finance software?Pennylane, founded in 2020, adds another 40 million euro in a Series C from?DST Global?and?Sequoia Capital?to its previous funding rounds, which have already raised more than 100 million euro. With this latest additional 40 million euro,?Pennylane?is valued at more than one billion euro ?? Announced by co-founder Arthur Waller, this is another big funding round for a French accounting software startup, after French competitor?Indy?raised 40 million euros in November last year. On the other side of the competition is?Qonto, the European business bank that has just completed the acquisition and?integration of German Penta. While?Pennylane?seems to be expanding its banking efforts beyond the 20% of its users who already use?Pennylane?as a bank,?Qonto?is coming from the other direction, expanding its accounting capabilities while already being present in several European markets … ?? #taxtech #taxtechnology

Teal Announces $8M Seed Investment to Drive Next-Gen Accounting Products for Vertical SaaS “Teal is building the Stripe for accounting. Just like Stripe provides the underlying infrastructure for Vertical SaaS companies to build payments products, Teal provides the infrastructure for Vertical SaaS companies to build and offer accounting features within their platforms,” said Ian Crosby, Co-Founder and CEO of Teal. “Having led Bench Accounting, the largest bookkeeping service for SMBs for a decade, I saw firsthand the limitations of standalone accounting software that is not integrated into the rest of a business’ core platform. We built Teal to address this problem.” https://lnkd.in/eYj83HDB Katie Reiner #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Master finances for tech startups.?Learn key accounting principles, tax strategies, and funding insights to drive your startup’s growth and success. https://lnkd.in/e9i_P9AM

Do you know who's shaking up the accounting landscape in the UK right now? Find out in our latest article: Emerging UK Accounting Startups Transforming The Industry in York. https://lnkd.in/gf4qPcg9 Featuring: Trullion, a game-changing AI platform for accounting and audit teams, founded by Amir Boldo and Isaac Heller. Blue Onion, creators of transaction tracing software, led by Charles M. and Lyndsey Bunting. Osso Capital, a data-drive investment strategy creator, founded by Olivia John and Spencer V.. FraudFindr, a pioneer in financial exploitation case investigation. MOMENTO, led by Carlos J. Molina, bringing banking services to link people across the globe. Peritus Capital, making their mark in the accounting and financial services industry. Gamma America, a trusted consultant in the accounting and financial sphere. Elevator 365, providing innovative oversight, accountability and consulting services. Advisory Associates, experts in keeping up with changing tax laws for all types of clientele. Center for Climate-Aligned Finance, leading the way in sustainable financial practices. Ecommphics Services, reimagining the digital marketing industry. These companies are proving that innovation and tradition can coexist, driving the accounting industry into the future. #Accounting #Startup #Innovation #Finance #Fintech #UKStartup

Accounting #software startup #Pennylane has become France's latest #unicorn! This French startup wants to become the go-to accounting software for businesses, with integrations with other services like Qonto. With Pennylane, business owners and accounting firms have access to the same platform, seamlessly syncing everything from billing to accounts payable. What's more, Pennylane is experimenting with artificial intelligence to help accountants navigate complex accounting rules and find relevant information in accounting data. And despite having no money issues, the startup hopes to become profitable within the next 12 to 18 months. With Pennylane's expertise in tracking its own financial situation, it's no wonder it's becoming a unicorn. #AI #Startup #Invest #Investment #Tech #Technology #France #Chicago #Midwest #Europe #Services Read more about Pennylane's journey to unicorn status: https://lnkd.in/g3j92zgH

Layer's recent $2.3 million funding round marks an exciting development in the accounting sector, particularly for small and medium-sized businesses (SMBs). By integrating comprehensive accounting and bookkeeping features directly into platforms like Square and Toast, Layer is poised to transform how SMBs manage their financial operations. This innovative approach addresses a critical need for streamlined accounting processes within primary business platforms, potentially reducing costs and increasing efficiency for SMBs. Layer's model highlights the increasing demand for seamless and integrated financial solutions, aligning with the core principles of user-centric finance. Accounting teams and CPAs will find Layer's solutions particularly advantageous. By minimizing the effort required from customers and offering robust, integrated tools, Layer enables more accurate and efficient financial management, freeing up time for strategic planning and analysis. Layer's funding and ambitious goals set a new standard for integrated financial services, promising substantial benefits for businesses. #accounting #startup #cpa #smallbusiness