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- finally Secures $50M Series B and $150M Credit Facility, Driving 300% Revenue Growth
finally Secures $50M Series B and $150M Credit Facility, Driving 300% Revenue Growth
Slice of Finance Team
13 Sep
Key Highlights:
finally secures $50M Series B from PeakSpan Capital and $150M credit facility from Encina.
Revenue growth of 300% annually since Series A.
Expands team by 300% and launches four new products.
To invest in product development, team growth, and market expansion.
Source (Business Wire)
Notable Quotes:
“The proliferation of SaaS tools means business owners have likely been talked into point solutions that miss the mark on productivity and cost savings... we’re proud that PeakSpan continues to believe in our vision.”
“Felix is relentless in all aspects of growing finally’s business... we’re proud to invest behind Felix and this team of ace performers as they attack this next phase of growth.”
“Having our bookkeeping and cards on the same platform removes all the friction from closing our books each month and understanding our finances.”
Our Take:
finally’s successful raise of $50M in Series B funding, paired with the $150M credit facility, underscores its growing dominance in the AI-powered accounting and HR space. By solving crucial pain points for SMBs, finally is not only addressing inefficiencies but is also setting the standard for what an integrated finance and HR solution should look like. The company's ability to triple its revenue and headcount, while continuously innovating its product offerings, shows a clear path of continued growth and market leadership.