Flare provides an AI‑driven, cloud‑based finance platform that consolidates accounting, payments, expense management, and fundraising for nonprofit organizations. The solution offers business banking, corporate cards, automated bill‑pay, and real‑time dashboards that integrate with existing accounting software to streamline reconciliations and track restricted donor funds.
Funding
$120K 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.
1OFounders
Product
Problem
Nonprofit organizations often manage fragmented financial processes, using separate systems for accounting, fundraising, payments, and expense control, which leads to time‑consuming reconciliations, delayed month‑end close, and difficulty tracking restricted donor funds.
Solution
Flare offers an AI‑driven finance platform that unifies core financial operations for nonprofits into a single, cloud‑based solution. The platform provides business banking accounts, corporate cards, automated bill‑pay, and expense‑management tools that integrate directly with existing accounting software. AI automates fund‑accounting entries and generates real‑time financial reports, reducing manual reconciliation and accelerating month‑end close. Integrated fundraising features allow donors to give through dynamic payment methods while linking contributions to the appropriate restricted funding categories. Program managers can access dedicated dashboards to monitor budgets and spending, while organizational leaders receive consolidated insights for decision‑making.
Target Audience
Primary customers are nonprofit finance teams, executive directors, and program managers who need a consolidated financial operations platform, as well as fundraising professionals requiring integrated donor management.
Features
- Business accounts with ACH, wire, and card payment capabilities, backed by FDIC‑insured funds at Evolve Bank & Trust
- AI‑powered bill‑pay that automatically creates fund‑accounting entries and uploads payments
- Corporate cards and prepaid virtual cards with customizable spending policies and approval workflows
- Integrated fundraising tools with CRM sync, dynamic payment methods, and restricted‑fund tracking from donor to impact
- Expense‑management policies that delegate authority while enforcing compliance and audit trails
- Real‑time dashboards for executives, fundraisers, and program managers with department‑level reporting
- Seamless integration with QuickBooks Online and other accounting systems for automated bookkeeping
- Optional outsourced bookkeeping support for weekly uploads, reconciliations, and financial statement preparation