Finaloop
About Finaloop
Finaloop provides real-time ecommerce accounting software and dedicated bookkeeping services that automate financial data integration from various business applications. This solution ensures accurate financial records and timely tax returns, enabling direct-to-consumer and multichannel wholesale brands to make informed business decisions without the complexities of traditional accounting systems.
```xml <problem> E-commerce businesses often struggle with inaccurate financial records due to the complexity of integrating data from multiple sales channels, payment gateways, and business applications. Traditional accounting systems and bookkeepers often lack the specialized knowledge to handle the unique challenges of direct-to-consumer (DTC) and multichannel wholesale brands. This can lead to delayed tax filings, missed deductions, and poor financial decision-making. </problem> <solution> Finaloop provides an e-commerce accounting software and bookkeeping service that automates financial data integration, ensuring accurate and real-time financial visibility. The platform connects to various business applications, including sales platforms, payment processors, and bank accounts, to create a centralized view of financial health. A dedicated bookkeeping team uses Finaloop's automation technology to build and maintain accurate books, providing DTC and multichannel brands with the insights needed to make informed decisions, optimize tax returns, and improve profitability. Finaloop replaces traditional accounting software, bookkeepers, and manual inventory spreadsheets with an integrated solution tailored for e-commerce businesses. </solution> <features> - Automated data integration from e-commerce platforms like Shopify, Amazon, and Etsy - Real-time profit and loss (P&L), balance sheet, and cash flow statements - Automated inventory and COGS tracking based on landed costs - Multi-channel order tracking and three-way sales reconciliations (order -> payout -> bank) - KPI and benchmark dashboard for performance monitoring - Year-end tax-optimized financial package - Integration with Avalara for automated sales tax calculations - Optional InventoryIQ add-on for unit-by-unit inventory tracking, vendor management, and comprehensive inventory reporting - Optional tax services for federal and state income tax preparation and filing </features> <target_audience> Finaloop is designed for direct-to-consumer (DTC), multichannel, and wholesale e-commerce brands that need accurate, real-time financial data and expert bookkeeping services to make informed business decisions and optimize their financial performance. </target_audience> <revenue_model> Finaloop uses a tiered subscription model based on projected annual gross revenue, with additional fees for optional add-on services like tax preparation and inventory management. Core plans range from $155 to $995 per month, while premium plans range from $850 to $1900 per month, with custom pricing available for businesses with over $10 million in annual revenue. </revenue_model> ```
What does Finaloop do?
Finaloop provides real-time ecommerce accounting software and dedicated bookkeeping services that automate financial data integration from various business applications. This solution ensures accurate financial records and timely tax returns, enabling direct-to-consumer and multichannel wholesale brands to make informed business decisions without the complexities of traditional accounting systems.
Where is Finaloop located?
Finaloop is based in Brooklyn, United States.
When was Finaloop founded?
Finaloop was founded in 2019.
How much funding has Finaloop raised?
Finaloop has raised 55000000.
- Location
- Brooklyn, United States
- Founded
- 2019
- Funding
- 55000000
- Employees
- 95 employees
- Major Investors
- Lightspeed Venture Partners