Clerk.ie, a financial automation start-up, recently announced that it has raised $33 million in Series A funding. The company provides cloud-based software solutions that automate accounting, invoicing, and payment processing for businesses, making financial management more efficient and streamlined.
The Series A funding round was led by venture capital firms Sequoia Capital and Founders Fund, with participation from existing investors including Greylock Partners, and new investors such as Accel and Y Combinator’s Continuity Fund.
Clerkie’s CEO, Sarah Koide, said in a statement, “We’re thrilled to have Sequoia and Founders Fund lead this round, which will help us continue to develop our technology and expand our team to better serve our customers.”
Clerk.ie’s platform uses artificial intelligence and machine learning to automate financial processes, reducing the time and resources required for manual tasks like data entry and reconciliation. The software can also provide business insights and financial forecasting, offering a complete solution for financial management.
The company’s clients include small businesses and startups, as well as larger corporations, across a variety of industries. With the new funding, Clerkie plans to further develop its technology and expand its reach into new markets.
Financial automation has become increasingly popular among businesses seeking to improve their efficiency and reduce costs. Clerkie’s success in raising this significant funding round shows the growing interest and investment in this space.