hiline Services, a Syracuse, NY-based provider of provider of financial operations-as-a-service, received an investment from Red Iron Group.
The amount of the deal was not disclosed.
The company intends to use the funds to accelerate its organic growth, expand its technology solutions and facilitate strategic acquisitions.
Led by led by CEO Matt Gardner, hiline is a provider of outsourced financial operations to small and midsized businesses, nonprofits and growth-minded companies. Its financial operations-as-a-service model delivers service offerings as a subscription, including accounting services (such as bookkeeping, accounts payable, spend management and comprehensive financial reporting) as well as financial planning and analysis (FP&A) led advisory via their strategic finance offering. Additionally, these solutions can be integrated with hiline’s complimentary services such as tax, human resources and payroll.
Today, hiline serves nearly 150 customers across multiple verticals, including small and midsized businesses (“SMBs”), nonprofits and growth-minded companies.
FinSMEs
30/10/2023