Digits, a San Francisco, CA-based creator of an automated bookkeeping solution for startups, acquired Basis Finance, a San Francisco, California-based provider of a budgeting and forecasting platform.
The amount of the deal was not disclosed.
Through this acquisition, Digits will accelerate its FP&A roadmap and extend its dashboard and reporting capabilities into financial planning. Both Basis co-founders, along with their entire team, are continuing their work at Digits following the acquisition. Bebe Kim will leverage her extensive GTM experience in finance and legal products to lead marketing, and Carlos Gil will bring his extensive product and engineering experience to lead the Digits FP&A team to a launch later this year.
Basis Finance creates and maintains budgets and forecasts through integrations into hundreds of financial systems and advanced scenario comparison tools.
LEd by CEO Jeff Seibert, Digits has built an accounting platform in 20+ years, designed from the ground up to automate bookkeeping and accounting for tech-forward businesses. It pairs AI with expert US-based CPAs to provide full-service accounting to Pre-Seed to Series B startups, and sells automation software to top accounting firms.
Founded in 2018, Digits launched in November 2023 and is backed by $97.5M in funding from Benchmark, GV, Softbank, and 70+ angel investors.
FinSMEs
17/06/2024