Uplinq Secures $5.6 Million in Seed Funding to Revolutionize Automated Bookkeeping and Financial Intelligence for SMBs
Summary
They are often forced to choose from poor options such as outsourcing to firms with inconsistent service, hiring an internal finance manager, or doing it themselves," said Uplinq CEO, Alex Glenn. This process is done through Uplinqs proprietary technology that comprehensively gathers, organizes, and categorizes business transactions, to provide unparalleled review-ready, real-time analysis at the touch of a button. "Our investment reflects our view that machine learning and artificial intelligence, coupled with comparative financial analysis in bookkeeping, is an untapped vertical, and Uplinq is poised to lead the charge in making SMB data accessible and actionable for everyone," said Stephanie Mann, EVP of corporate development and strategy for Live Oak Bank. "Businesses are only as strong as their accounting systems, and the list of organizations that will benefit from Uplinqs financial data and automation technology is growing steadily each day. It is extremely rare to feel impacted to the point where you meet a company and wake up the next morning with a pronounced sense of conviction about a teams ability to execute their vision, but that is Uplinq," said Benjamin Brockwell, Principal, AZ-VC.