The financial reporting and auditing process is not often on the list of sexy topics that technology startups want to go after.
After years of performing reporting and auditing work for companies like Miro, Autodesk, Dropbox, Flexport and Yelp, Mary Antony and Kelsey Gootnick decided reporting and auditing needed some technology love, too.
So they started San Francisco-based InScope in 2023, leveraging machine learning and large language models to provide financial reporting and auditing processes for mid-market and enterprises.
We make it possible for our customers to have effortless, but accurate and reliable financial statements every time.”InScope’s financial report drafting tool.
So much so that they could be customers, Gootnick said.
“I couldn’t get a credit card because my parents couldn’t co-sign,” Kobe recalls, “and I didn’t want to put down a large security deposit.
Scott points out that New York-based Fizz set out to offer college students a different entry ramp into building credit.
And if you ask any of them, they’ll tell you that they’re credit card averse, but they’re not necessarily credit averse,” he told TechCrunch.
”Fizz is one of several fintechs aiming to serve the expansive Gen Z market.
For instance, Frich, a financial education and social community for Gen Z, just raised $2.8 million in seed funding.
Moove, an African mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers, has raised $100 million in a funding round as it plots expansion into new markets.
Moove says it plans to use the new capital to expand its revenue-based vehicle financing platform to 16 markets by the end of 2025.
Moove takes a two-pronged approach to vehicle financing.
The vehicles provided to Moove customers vary from traditional options like Toyotas and Suzukis to electric vehicles (EVs) such as Teslas.
The vehicle financing startup operates large EV fleets in the UAE and the U.K.
A few years later, Levie’s original idea was becoming commoditized, and he switched gears to enterprise content management in the cloud.
Traditional enterprise content management, whether on prem or in the cloud, has involved storing, managing, securing and governing unstructured content.
Today, the industry is changing once more, and Box is again working to position itself on the forefront of that shift.
Levie has always had a knack for seeing where the puck is going, and his company is embracing the software shift toward AI and workflow automation.
Last year, Box bought Crooze, a small company that specializes in workflow automation and metadata management with integrations into Box, making it a logical acquisition target.
Smaller companies are just as eager to use AI tech to supercharge their sales processes as their bigger competitors.
Darwin AI, a Brazil-based AI startup, is developing a conversational AI assistant for small businesses across Latin America who want to get into AI, but don’t have an IT staff.
The assistant is designed to interact with customers in a more human-like manner to help generate more revenue.
Using AI, Darwin takes into account the needs of companies and then filters leads and customers.
As more companies implement automation into their processes, the conversational AI market is expected to grow over 20% annually through 2030.
Bilt Rewards, whose platform aims to allow consumers to earn rewards on rent and daily neighborhood spend, has raised $200 million at a $3.1 valuation, the company announced today.
General Catalyst led the financing, which more than doubles the New York-based company’s valuation compared to its $150 million October 2022 raise.
Ken Chenault, chairman and managing director of General Catalyst, is joining Bilt’s board of directors as part of the new funding.
It launched its rewards program in April of 2022.
Bilt also offers a co-branded Mastercard, issued by Wells Fargo, that can be used to pay rent and earn Bilt Points with no transaction fees.
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