reporting

“Automated Financial Reporting Fintech InScope Secures $4.3M Seed Round Led by VC Sheel Mohnot”

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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.

DMA Gatekeepers: Adapting to the EU’s Latest Competition Regulations – Firsthand Accounts

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How DMA gatekeepers are responding to the EU’s new competition rules — in their own wordsThe compliance deadline for the six tech giants regulated under the European Union’s Digital Markets Act (DMA) expired yesterday. The first batch of gatekeeper compliance reports — aka the non-confidential versions — have been published on the Commission’s DMA website. The length is at least justified: Reflecting the fact a full eight of its products are designated as core platform services. For handy reference, we’ve rounded up links to the gatekeepers’ first batch of public-facing DMA compliance reports below. If you’re looking for an analytic overview of the DMA, its aims and early impacts, check out our earlier explainer.

The Potential Impact of SEC Support on Emerging Climate Startups

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The bid would help inform investors about any climate- or energy transition-related risks publicly traded companies face. And depending on how far the SEC takes the proposed climate disclosure rule, many of these startups stand to benefit. Scope 3 emissions are the broadest category, and if the SEC would require their reporting, the effects would ripple far beyond just publicly traded companies. Look for it to be one of the first climate tech companies to list publicly when the IPO window opens. Enter Bend, a corporate spend startup that focuses not just on tracking expenses, but also carbon emissions.

Treasure Financial Enacts Layoffs Shortly After Touting Rapid Expansion

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Treasure Financial has laid off 14 employees, the fintech startup confirmed to TechCrunch today. Sam Strasser, founder and CEO of Treasure Financial, told TechCrunch that “a need to streamline our operations and align our workforce with our current strategic goals and financial realities” drove the decision. “Market conditions and organizational challenges aside, financial stewardship necessitated this unfortunate but necessary action,” he added. San Francisco-based Treasure Financial offers cash management software for businesses and is a registered investment advisor (RIA). Just last July, the startup raised $7.5 million in a funding round led by Ventura Capital, a previous investor in the firm.

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