Benford
Benford is a tech-native audit firm that runs statutory audits end-to-end by connecting directly to a company's accounting systems and banks. The platform automates data collection and centralizes all requests in a single thread, with qualified auditors overseeing the work and signing the final report. Testing is typically completed in days rather than months, with fees quoted upfront based on company size.
- Regulatory & Compliance Technology
- Financial Technology
- Software Only
Funding
Raised to date
€5MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Est. $5.5Macross 1 round
APAWPT+2€5M · Pre-Seed
Announced Sep 2026 · from article date
Disclosed cumulative: $5.5M
Founders
Founder details are not available yet.
Product
Problem
Traditional statutory audits require manual data collection, repeated document requests, and lengthy back-and-forth between auditors and clients. This process is time-consuming and expensive, particularly for mid-sized companies navigating complex European filing deadlines and compliance requirements.
Solution
Benford provides an audit platform that connects directly to a company's accounting systems and banks—including Xero, QuickBooks, Sage, Visma, Tripletex, PowerOffice, NetSuite, and Dynamics—so ledger and bank data flow automatically into the audit. The platform centralizes all requests, answers, and follow-ups in a single thread, so clients upload once and never get asked twice for the same information. Both the audit team and client see a shared, real-time status view covering what is done, what is open, what is blocking, and whose move it is. Qualified, experienced auditors oversee the work and sign the final report, with testing typically completed in days rather than months. The work is carried from one year to the next, so the second audit starts where the first finished.
Target Audience
Primary customers are European mid-sized companies and their accountants who require statutory audits due to revenue, balance sheet, or employee thresholds, as well as audit firms seeking to streamline their delivery process.
Features
- Direct data integrations with major European ERPs, accounting platforms, and banks, eliminating manual ledger and bank statement collection
- Centralized request-and-resolution thread that attaches every answer and follow-up to the original request
- Real-time shared status dashboard showing completed, open, blocking, and assigned items for both auditor and client
- Electronic identity verification and AML checks through certified national eID
- Client-side workflow that requires only a short questionnaire and one document checklist, with optional accountant delegation
- Upfront fixed-fee quotation based on company number and size, with no hidden variable costs