Gappify – a leading provider of next-generation accounting automation solutions for corporate accounting teams – announced that it has raised $10 million in Series B financing. This funding round was led by FINTOP Capital with participation from Rally Ventures, Stage 2 Capital, SaaS Ventures, and Pasudeco & Co. As part of the deal, FINTOP’s Jared Winegrad, General Partner, will join Gappify’s Board of Directors.
The new funding round comes in the midst of significant growth for Gappify and brings the company’s total funding to over $22 million.
Gappify was founded by CPAs and accountants and it is a leading cloud-based provider of solutions designed to automate accounting and financial reporting activities. And Gappify’s flagship “Accrual Cloud” platform is utilized by top midmarket and enterprise accounting teams to orchestrate, execute and analyze month-end accrual processes.
KEY QUOTES:
“Accountants are frustrated with the lack of automation offerings available to help them perform their core duties effectively. Our business is strongly positioned to fill more of these voids and better serve the community we care very deeply about.”
— Jotham Ty, CEO and Founder of Gappify
“The accounting industry is undergoing tectonic shifts, and Gappify is mapping the way. We’re excited to lead this round and support Gappify’s innovative vision to transform and evolve the profession.”
— FINTOP Capital’s Jared Winegrad
