HubiFi, a Columbus, OH-based provider of a financial intelligence and revenue recognition solution, raised $2.5M in Seed funding.
The round was led by Motivate Ventures, Anthemis (supported by Foxe Capital), and Rev1.
The company intends to use the funds to build a foundational team with a focus on product and engineering and add to the team with CPA and accounting expertise.
Led by William Kaper and Jason Berwanger, HubiFi provides a finance intelligence and data management platform for for high-transaction finance and accounting teams. It automates accounting and continuous reconciliations, enabling businesses to close an accounting period in hours instead of weeks. HubiFi’s fully automated system allows teams to aggregate and disaggregate by any segment, identifying operational drivers in their financials and capitalizing on often overlooked opportunities.
Since its inception, the company has bootstrapped and validated its thesis, attracting a customer cohort within the high-transaction enterprise landscape, particularly in digital D2C and insurance.
Today also marks the launch of HubiFi’s Stripe Connector, enabling enterprise accounting and finance teams to measure revenue to cash.
FinSMEs
06/08/2024