Finally, a Miami, FL-based fintech startup for small businesses to automate their accounting and finance functions, raised $95m in Series A, including both equity and debt funding.
The round was led by PeakSpan Capital with participation from Active Capital, 500 FinTech, and GTMfund. Clear Haven Capital provided the debt facility. Other notable investors include David Bohnett (founder, GeoCities), Scott Weller(founder, SessionM).
The company will deploy the funds to grow the team and launch a corporate charge card for small businesses.
Led by Felix Rodriguez, founder and CEO, Finally enables companies to automate back office functions. Businesses can connect their bank and credit accounts and get immediate visibility into how their company is doing. With the launch of its corporate charge card, the company plans to make over $1 billion in credit available to small businesses.
Today, more than 1,000 businesses use it to give them visibility and management over core finance and accounting activities.