FinQuery (formerly LeaseQuery), a provider of AI-powered solutions built to manage companies’ largest areas of spending efficiently, announced a $25 million minority investment led by Periphas Capital and supported by Lavelle Capital. This funding will accelerate product innovation and support strategic M&A.
FinQuery’s AI-driven SaaS platform links finance, accounting, and IT by managing their largest areas of contracted spend, including leases, software, subscriptions, and other financial contracts. The platform delivers insights into spending, software usage, cash flow forecasts, and renewals, empowering informed decision-making and simplifying accounting tasks like lease accounting, SBITA reporting, and accruals.
Launched in 2011 as LeaseQuery, FinQuery’s core goal was simplifying complex accounting and compliance tasks from ASC 842, IFRS 16, GASB 87, and GASB 96. With a commitment to innovation and customer satisfaction, FinQuery became the world’s leading lease accounting software provider, serving 8,000+ clients (including 600+ public companies), universities, and government entities. With three acquisitions, including Stackshine (a Y-combinator-backed SaaS spend management platform), FinQuery continues expanding its offerings beyond lease accounting.
KEY QUOTES:
“We’re thrilled to have Periphas Capital and Lavelle Capital join FinQuery as investors. Their enthusiasm for our mission is evident, and with their support, we anticipate an acceleration in our growth, both organically and through strategic acquisitions. We’re humbled to have grown our customer base by 300% in the last two years and excited to serve even more as we expand.”
- George Azih, CEO and Founder
“The FinQuery team, led by George Azih, has built the industry-leading SaaS solution to manage and report on leases, software, and other contracts. FinQuery is poised to continue its rapid growth as it leverages AI, delivers cutting-edge product capabilities, and pursues strategic M&A. We are excited that our investment will accelerate FinQuery’s penetration of the growing market for Office of the CFO software.”
- Sanjeev Mehra, Managing Partner of Periphas Capital
“We are excited to be investing in FinQuery, supporting George and his team. We believe that FinQuery is simplifying and automating Office of the CFO workflows, and setting new innovation and customer satisfaction standards. Our investment extends beyond capital; we’re committed to enhancing their growth by leveraging our strategic network and benefiting from our expertise.”
- Sanjeev Rao, Managing Partner at Lavelle Capital
