Entendre provides automated bookkeeping and financial reporting for on-chain cryptocurrency transactions, utilizing advanced accounting intelligence tailored for Web3 and digital assets. This solution addresses the complexities of tracking and managing financial data in a rapidly evolving digital asset landscape.
Funding
$4.1M raised to dateRaised 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.
Founders
Product
Problem
Tracking and managing financial data from on-chain cryptocurrency transactions presents significant challenges due to the complexity and rapid evolution of the digital asset landscape. Traditional accounting methods are often inadequate for handling the unique aspects of Web3 transactions. This can lead to inaccuracies, inefficiencies, and difficulties in maintaining compliance.
Solution
Entendre provides an AI-powered crypto accounting solution that automates bookkeeping and financial reporting for on-chain transactions. The platform automatically tracks, reconciles, and analyzes every on-chain transaction in a single platform, eliminating manual processes and streamlining month-end closing. Entendre's AI copilot configures the platform, analyzes organization structure, and tailors automated transactions and smart contracts to specific needs. Users can generate real-time financial statements, monitor digital asset performance, and ensure GAAP and IFRS compliance for digital assets.
Target Audience
Entendre is designed for Web3 teams, accounting firms, DeFi projects, NFT platforms, and enterprises that need to manage and report on cryptocurrency transactions.
Features
- Automated tracking, reconciliation, and analysis of on-chain transactions
- AI-powered onboarding configures the platform and automates workflows
- Support for multiple legal entities, wallets, and currencies
- Integration with Quickbooks, Xero, NetSuite, Sage, and Workday
- Connects to various blockchains including Bitcoin, Ethereum, Solana, Polygon, and more
- Integration with Web3 platforms and tools like Loop Crypto, Maple Finance, and Request Finance
- Automated journal entries, cost basis tracking, and mark-to-market calculations
- Real-time financial reporting and analytics with customizable dashboards
- Role-based access controls and audit logging
- Bulk actions to handle large volumes of data
- Spam token detection