With $13.5M in Funding, Zeni Brings Actual-Time Insights to Startup Founders via Intelligent Bookkeeping, Accounting, and CFO Expert services
Modern-day bookkeeping fintech Zeni right now introduced the first AI-powered finance concierge for startups, generating its intelligent bookkeeping, accounting, and CFO solutions accessible to organizations throughout the United States.
The enterprise also announced it has lifted $13.5 million in funding to-date, its Series A led by Saama Money with participation from Amit Singhal, Sierra Ventures, SVB Economical Team, Liquid 2 Ventures, Firebolt Ventures, Dragon Capital, and Twin Ventures, with supplemental notable angel investors.
Zeni has experienced speedy growth and adoption given that onboarding its initially paid out shoppers in January 2020, these days handling extra than $200 million in money every month throughout far more than 100 startup customers. Working with a seamless mix of synthetic intelligence and a focused workforce of accredited finance gurus, Zeni’s comprehensive-company finance concierge performs every day bookkeeping and manages all other fiscal wants of its consumers. The pace and accuracy of this technique presents startup founders authentic-time access to key money insights by way of the Zeni Dashboard — like burn off charge, functioning costs, income/card harmony, income by products, month-finish experiences, and a lot more.
“Startup founders are traveling blind each day for the reason that they never have access to a timely, exact snapshot of their business finances,” explained Swapnil Shinde, Co-Founder and CEO of Zeni. “We’re providing founders and startup choice makers genuine-time visibility, manage, and skilled support with a finance alternative that can lastly keep speed with their increasing business enterprise.”
Zeni manages every thing finance-relevant on behalf of its startup clients for a flat monthly fee as component of its bookkeeping, accounting, and CFO services, which contains:
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Bill Shell out and Invoicing
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Expenditure and Receipt Management
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Financial Projections, Budgeting, and FP&A Help
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Payroll Administration
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Actual-Time Reporting through Zeni Dashboard
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Monthly Fiscal Statements
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Annually Taxes and R&D Credit score
Zeni has processed more than $300 million in transactions in its initially year, and is on-track to system a full of $1 billion in transactions in the upcoming 12 months.
“Zeni is resolving true-world soreness details for startups like ours,” stated Jenova Chen, Co-Founder and President of thatgamecompany. “We look at the Zeni workforce as an extension of our possess. We count on them multiple situations a working day to answer inquiries and get us our financial studies in a well timed manner. For the very first time, the Zeni dashboard gives me a genuine-time snapshot of how our business is tracking and a constant outlook on business enterprise functionality.”
Zeni Co-Founders and twin brothers Swapnil Shinde and Snehal Shinde are repeat entrepreneurs and technologists with a tested monitor record unifying human experience with synthetic intelligence, providing their last business, AI-run journey assistant Mezi, to American Convey in 2018. Leveraging their specialized expertise and first-hand encounters as founders, the twin brothers recruited a team of qualified CPAs, accountants, tax advisors, FP&A authorities and CFOs to generate the only finance management resolution for founders, by founders.
“Bookkeeping automation is a $10 billion market place chance begging for a answer that can enhance human output and fulfill the requires of expanding enterprises,” said Ash Lilani, Taking care of Partner at Saama Capital. “When Swapnil and Snehal explained they wanted to challenge the fragmented, complicated bookkeeping remedies on the current market right now, we understood they had been the crew to do it. We’re thrilled to aid Zeni in aiding startups improve their company day by day.”
To find out much more, check out www.zeni.ai.
About Zeni
Zeni is the first AI-run finance concierge for startups powering substantial velocity choice creating. With Zeni’s intelligent bookkeeping, accounting, tax, and CFO expert services, startups have accessibility to authentic-time economic insights by using their Zeni Dashboard, and a crew of finance gurus to regulate each individual finance operate for a flat month to month fee — day-to-day bookkeeping, annually taxes, bill spend and invoicing, economical projections, budgeting, payroll administration, and more. Zeni was launched in 2019 by twin brothers and serial entrepreneurs, Swapnil Shinde and Snehal Shinde, who most just lately established Mezi, the AI-run travel assistant acquired by American Express in 2018. Zeni is backed by Saama Capital, Amit Singhal, Sierra Ventures, SVB Economical Team, Liquid 2 Ventures, Firebolt Ventures, Dragon Cash, and Twin Ventures, and popular angel buyers which includes Manish Chandra, Gokul Rajaram, Ed Lu, Nickhil Jakatdar, Kunal Shah, and Anupam Mittal.
Look at source model on businesswire.com: https://www.businesswire.com/news/residence/20210309005648/en/
Contacts
Emilie Pires
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