Artificial intelligence (AI) has begun to transform accounting by automating routine tasks such as data entry, transaction classification, reconciliations and document review while leaving strategic judgment and interpretation to human professionals. What’s emerging is an accounting profession where AI handles repetitive work efficiently, human accountants...
Briefcase has raised $3 million in a seed round to grow its artificial intelligence (AI) bookkeeping and accounting automation platform. The company will use the funding to hire engineers and product experts to serve its early adopters and onboard new customers, Briefcase said in a...
Finance and human resources suite finally has raised $200 million in new funding. The financing, a $50 million Series B from PeakSpan Capital and $150 million credit facility from Encina, will help the company bolster its small and medium-sized business (SMB)-focused offering, according to a Monday (Sept....
Bookkeeping platform Digits has acquired budgeting and forecasting startup Basis Finance. “With rising interest rates and a tightening fundraising environment, the importance of extending runway has become crystal clear to founders in 2024,” the company said in a news release Monday (June 17). “Through this acquisition Digits will accelerate its...
March 27, 2023
“Small forest fires” that are “ultimately good for the forest.” That’s how Matthew Tillman, CEO at automated accounts payable (AP) solution OpenEnvoy, is looking at the banking crisis, he told PYMNTS CEO Karen Webster. Silicon Valley Bank’s collapse has forced many company founders to be more aware of their banking relationships — a healthy thing […]
January 07, 2026
The users of FreshBooks’ small business management software can now access Kick’s automated bookkeeping capabilities. This offer results from a new strategic partnership of FreshBooks and Kick, which is a bookkeeping platform designed for business owners and their accountants, the companies said in a Wednesday (Jan. 7) press release. Kick’s automated bookkeeping capabilities are designed […]
December 04, 2024
Briefcase has raised $3 million in a seed round to grow its artificial intelligence (AI) bookkeeping and accounting automation platform. The company will use the funding to hire engineers and...
September 09, 2024
Finance and human resources suite finally has raised $200 million in new funding. The financing, a $50 million Series B from PeakSpan Capital and $150 million credit facility from Encina, will help...
June 17, 2024
Bookkeeping platform Digits has acquired budgeting and forecasting startup Basis Finance. “With rising interest rates and a tightening fundraising environment, the importance of extending runway has become crystal clear to founders in 2024,”...