Zeni Launches AI-Driven Finance Concierge for Startups | Countrywide
PALO ALTO, Calif.–(Company WIRE)–Mar 9, 2021–
Modern-day bookkeeping fintech Zeni right now introduced the 1st AI-powered finance concierge for startups, generating its intelligent bookkeeping, accounting, and CFO expert services readily available to companies across the United States.
The enterprise also announced it has lifted $13.5 million in funding to-date, its Sequence A led by Saama Funds with participation from Amit Singhal, Sierra Ventures, SVB Fiscal Group, Liquid 2 Ventures, Firebolt Ventures, Dragon Funds, and Twin Ventures, with extra well known angel investors.
Zeni has skilled fast growth and adoption given that onboarding its initially paid out customers in January 2020, nowadays controlling extra than $200 million in funds every single month throughout more than 100 startup shoppers. Using a seamless blend of synthetic intelligence and a devoted team of certified finance specialists, Zeni’s total-assistance finance concierge performs day-to-day bookkeeping and manages all other economic desires of its shoppers. The pace and accuracy of this method provides startup founders real-time accessibility to important money insights by using the Zeni Dashboard — which include burn off price, functioning costs, hard cash/card harmony, income by item, month-end experiences, and much more.
“Startup founders are traveling blind day by day mainly because they do not have entry to a timely, correct snapshot of their company funds,” said Swapnil Shinde, Co-Founder and CEO of Zeni. “We’re supplying founders and startup conclusion makers real-time visibility, manage, and qualified assist with a finance answer that can eventually continue to keep tempo with their growing business enterprise.”
Zeni manages almost everything finance-similar on behalf of its startup consumers for a flat every month cost as part of its bookkeeping, accounting, and CFO solutions, which consists of:
- Bill Shell out and Invoicing
- Cost and Receipt Management
- Money Projections, Budgeting, and FP&A Help
- Payroll Administration
- True-Time Reporting through Zeni Dashboard
- Month-to-month Economic Statements
- Yearly Taxes and R&D Credit rating
Zeni has processed more than $300 million in transactions in its initial yr, and is on-keep track of to approach a full of $1 billion in transactions in the following 12 months.
“Zeni is resolving authentic-world pain factors for startups like ours,” reported Jenova Chen, Co-Founder and President of thatgamecompany. “We watch the Zeni staff as an extension of our own. We depend on them many instances a day to respond to questions and get us our economic stories in a timely fashion. For the 1st time, the Zeni dashboard gives me a real-time snapshot of how our small business is tracking and a continuous outlook on business overall performance.”
Zeni Co-Founders and twin brothers Swapnil Shinde and Snehal Shinde are repeat business owners and technologists with a demonstrated observe record unifying human abilities with synthetic intelligence, offering their previous corporation, AI-powered vacation assistant Mezi, to American Convey in 2018. Leveraging their complex knowledge and initially-hand activities as founders, the twin brothers recruited a group of professional CPAs, accountants, tax advisors, FP&A experts and CFOs to develop the only finance management option for founders, by founders.
“Bookkeeping automation is a $10 billion industry chance begging for a alternative that can optimize human output and meet up with the requirements of rising corporations,” explained Ash Lilani, Taking care of Lover at Saama Money. “When Swapnil and Snehal said they preferred to challenge the fragmented, complicated bookkeeping answers on the industry nowadays, we knew they had been the group to do it. We’re thrilled to support Zeni in aiding startups enhance their business every day.”
To find out a lot more, stop by www.zeni.ai.
About Zeni
Zeni is the to start with AI-powered finance concierge for startups powering higher velocity decision making. With Zeni’s intelligent bookkeeping, accounting, tax, and CFO providers, startups have accessibility to authentic-time financial insights via their Zeni Dashboard, and a staff of finance experts to control every single finance functionality for a flat month to month cost — each day bookkeeping, annually taxes, monthly bill pay and invoicing, economic projections, budgeting, payroll administration, and much more. Zeni was launched in 2019 by twin brothers and serial entrepreneurs, Swapnil Shinde and Snehal Shinde, who most not long ago founded Mezi, the AI-run vacation assistant acquired by American Specific in 2018. Zeni is backed by Saama Funds, Amit Singhal, Sierra Ventures, SVB Economical Group, Liquid 2 Ventures, Firebolt Ventures, Dragon Capital, and Twin Ventures, and outstanding angel traders including Manish Chandra, Gokul Rajaram, Ed Lu, Nickhil Jakatdar, Kunal Shah, and Anupam Mittal.
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Speak to: Emilie Pires
Search phrase: CALIFORNIA UNITED STATES NORTH America
Business Keyword: Specialist Expert services Technology Tiny Small business FINANCE Software ACCOUNTING
Resource: Zeni
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PUB: 03/09/2021 09:00 AM/DISC: 03/09/2021 09:01 AM
Copyright Company Wire 2021.