Finly is a fintech company that offers a spend management platform for businesses. The platform offers features such as expense management, accounts payable automation, and vendor management. The company has a focus on simplifying financial processes for businesses, and providing real-time insights to help them optimize their cash flow.
Founded in 2015 by Vivek and Veekshith, two software engineers with backgrounds in finance and technology
Started as a B2C product to help individuals optimize their incomes and expenses
Shifted focus to B2B and enterprise clients with the launch of their spend management platform in 2017
Raised $1 million in seed funding in 2018, followed by $2.5 million in a Series A funding round in 2020
Ramp is a corporate card and spend management platform that offers features such as expense management, automated accounting, and budget tracking. The platform is designed to help businesses save money and optimize their cash flow. Ramp has received over $145 million in funding and is backed by investors such as Stripe and Founders Fund.
Divvy is a spend management platform that offers features such as expense management, budgeting, and virtual cards. The platform is designed to help businesses streamline their financial processes and gain real-time insights into their spending. Divvy has raised over $400 million in funding and has over 7,000 customers.
Expensify is a travel and expense management platform that offers features such as expense tracking, reimbursement, and automated accounting. The platform is designed to simplify expense reporting for businesses and reduce the time and effort required to manage expenses. Expensify has raised over $28 million in funding and has over 10,000 customers.
The Spend Management Platform is the core product of Finly. It offers features such as expense management, accounts payable automation, vendor management, and real-time spend tracking. The platform is designed to help businesses optimize their cash flow and simplify financial processes.
Smart Cards are a feature of the Spend Management Platform that enables businesses to issue virtual or physical cards to employees. The cards can be customized with spending limits and restrictions to help manage expenses and reduce fraud.
Vendor Management is a feature of the Spend Management Platform that enables businesses to manage their vendors and suppliers in one place. The feature includes tools for vendor onboarding, contract management, and payment processing.
Finly is a fintech company that offers a spend management platform for businesses. The platform helps businesses simplify their financial processes and gain insights into their spending.
Finly's platform offers features such as expense management, accounts payable automation, vendor management, and real-time spend tracking. The platform is designed to help businesses optimize their cash flow and simplify financial processes.
Finly was founded in 2015 by Vivek and Veekshith. The company started as a B2C product before shifting focus to B2B and enterprise clients with the launch of their spend management platform in 2017. Finly has raised $3.5 million in funding to date.
Finly's competitors include Ramp, Divvy, and Expensify. These companies offer similar spend management platforms for businesses.
Finly's main products include the Spend Management Platform, Smart Cards, and Vendor Management. The Spend Management Platform is the core product and offers features such as expense management, accounts payable automation, vendor management, and real-time spend tracking. Smart Cards and Vendor Management are features of the platform that help businesses manage their expenses and vendors.