Proper Finance, a San Francisco, CA-based provider of an integrated reconciliation and ledger data platform, raised $4.3M in Seed funding.
The round was led by Redpoint Ventures with participation from BoxGroup, Mischief, and Y Combinator.
The company intends to use the funds to to further develop its suite of products: Reconciliation-as-a-Service, payments data platform, and the universal ledger, as well as to introduce no-code tools for payment operations teams to track and reconcile money movement across systems, as well as additional payment method integrations.
Led by CEO Kyle Maloney, Proper Finance is building an integrated reconciliation software platform for fintechs to maintain complete financial accuracy. With Proper, fintechs can manage their financial data – from payments providers to banks, network files such as NACHA, or in-house payment processing systems – within a single platform.
Proper is a 2022 Y Combinator participant.
FinSMEs
08/06/2022