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Finally Snares $200M Financing

Wednesday, Sep 11 2024
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Finally, which makes a finance and HR software suite for small businesses, has received a $50 million Series B round from PeakSpan Capital and a $150 million credit facility from Encina.

That follows $95 million in Series A funding in 2022 and another $10 million in capital in February.

Finally says since the Series A funding both its head count and annual revenue have risen by 300 percent. The company also release four new products, Corporate Charge Cards, Expense Management, Business Checking Accounts and Payroll.

The latest round of capital will be invested in growing headcount continuing R&D for its product stack and expanding its go-to-market initiatives.

Bob Scott
Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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