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In its first six months, Finecto acquired 20 enterprise customers across four countries.
Finecto is currently raising a $1 million funding round.
Finecto's ideal customer profile has the CFO as the primary decision-maker, while users include finance, accounting, compliance, and legal teams.
Finecto is raising its current funding round at a $5 million post-money valuation.
By April, a new investor's commitment increased Finecto's valuation to $7.5 million.
Finecto oversubscribed its funding round, ultimately raising $1.7 million instead of the initial $1 million target.
Operating spend is the second largest cost for companies after payroll.
Finecto's co-founder and CTO, Vicente, turned down a job offer from Meta in San Francisco to join the company.
Finecto's platform can achieve full customer integration within weeks.
Finecto's current customers have an average of 500 employees.
Finecto charges $20 per month for each 'approver' user on its platform.
Finecto's average revenue per customer is approximately $1,000 per month.