FinQuery, formerly know as LeaseQuery, an Atlanta, GA-based provider of AI-powered solutions built to manage companies’ largest areas of spend, received a $25M minority investment.
The round was led by Periphas Capital with participation from Lavelle Capital.
The company intends to use the funds to accelerate product innovation and support strategic M&A.
Led by CEO and Founder George Azih, FinQuery provides an AI-driven SaaS platform that combines finance, accounting, and IT by managing their largest areas of contracted spend including leases, software, subscriptions, and other financial contracts delivering insights into spending, software usage, cash flow forecasts, and renewals, empowering informed decision-making and simplifying accounting tasks like lease accounting, SBITA reporting and accruals.
The company serves 8,000+ clients, including 600+ public companies, universities and government entities.
Commenting on the news, George Azih said: “Their enthusiasm for our mission is evident, and with their support, we anticipate an acceleration in our growth, both organically and through strategic acquisitions. We’re humbled to have grown our customer base by 300% in the last two years and excited to serve even more as we expand.”
FinSMEs
24/04/2024