Gappify raises $10M for its accounting Automation Platform
Gappify, an accounting automation software company that provides solutions for corporate accounting teams, has raised $10M in Series B funding.
What does Gappify accounting automation software exactly do?
Gappify offers accounting and financial reporting solutions. One of its key features is that it manages and keeps track of accrual accounting. Receivables follow-ups and other associated processes. Accruals automation software such as this can help Accounting firms keep track of and collect payments from vendors, etc.
Who invested in Gappify in the Series B round?
In the Series B round, a total of $22M, was invested in Gappify. The round was led by FINTOP Capital, with participation from Rally Ventures, Stage 2 Capital, SaaS Ventures, and Pasudeco & Co. As part of the transaction, FINTOP’s Jared Winegrad, General Partner, will join Gappify’s Board of Directors.
The company intends to use the funds to accelerate the growth and development of new accounting automation products.
Who are the Key People at Gappify?
- Founded by Jotham Ty (CEO, and Founder of Gappify).
- James Hall (SVP of Sales)
- Charlene Garland – Head of Operations
- Phil Mueller (VP of Customer Success)