Formations, a Bellevue, WA-based financial management solution that maximizes the financial wellbeing of the self-employed, closed an $8m Series A funding.
The round was led by Arthur Ventures.
The company intends to use the funds to expand operations and further develop its solution.
Established by tax and accounting expert Shahar Plinner and growth marketer Uri Bar-Joseph, Formations has developed a financial solution that leverages technology and human expertise to automate entity creation, bookkeeping, payroll, taxes and benefit allocations throughout the year.
The company is also announcing a strategic partnership with Gusto, provider of pay and benefits software to small businesses, and is extending its relationship with Xero, as its preferred accounting solution.
FinSMEs
14/04/2022