About Backdrop
Backdrop is a Technology company based in San Francisco (United States) founded in 2023 by Caitlin Short and Akanksha Singh. It operates as an AI-based platform for expense management and receipt handling is provided. It operates on a SaaS (Software-as-a-Service) model. Backdrop has raised $125 thousand across 1 funding round from investors including Y Combinator. Backdrop offers products and services including P-Cards Management, Accounts Payable Automation, and Corporate Expenses Tracking. Its focus areas include Financial Technology, Expense Management Software, Media and Film and TV. Its legal entity is Twig Tech. Its competitors include Conta Simples, AppZen, Jenji, Mendel and Sensibill and 5 more; 10 of its 10 listed competitors have raised funding.
Company details
Backdrop offers financial tools tailored for film, TV, music, and event productions, as well as corporate teams. Real-time P-Card management, automated accounts payable processes, and corporate expense tracking are delivered through an all-in-one platform. Integration with major accounting systems is supported, and budget tracking along with custom approval chains is facilitated. The focus is placed on streamlining vendor onboarding, payments, and reimbursements while serving global production industries with efficient pre-accounting solutions.
- Headquarters San Francisco, United States
- Founders Caitlin Short, Akanksha Singh
- SectorsTechnology
- Website trytwig.io
- Social LinkedIn X Instagram
- Legal Name Twig Tech
- Total Equity Funding$125K (USD)
in 1 rounds
- Latest Funding Round$125K (USD), Seed
Jun 2023
- Investors
Products & Services of Backdrop
Backdrop offers a comprehensive portfolio of products and services, including P-Cards Management, Accounts Payable Automation, and Corporate Expenses Tracking.
Real-time spend limits are set for production cards.
Payments and approvals are streamlined for production teams.
Expenses are managed for corporate and production teams.
Funding Insights of Backdrop
Backdrop has successfully raised a total of $125K through 1 strategic funding round. The most recent funding activity was a Seed round of $125 thousand completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $125,000
- Total Rounds 1
- Last Round Seed — $125,000
- First Round $125,000
(Jun 2023)
- Investors Count 1
All 1 funding rounds of Backdrop with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2023 | $125,000 | Seed | – | – |
1 investors in total: 1 institutional.
Investors in Backdrop
Backdrop has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are accelerated via funding and educational programs. | – | ycombinator.com | Mountain View, United States |
Investor details for Backdrop
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Backdrop
2 people are tracked at Backdrop (2 in leadership).
| Name | Role | Group |
|---|---|---|
Caitlin Short | Co-Founder | Leadership |
Akanksha Singh | Co-Founder | Leadership |
Complete people profiles for Backdrop
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Backdrop
2 dated milestones of Backdrop, from founding to its latest funding, stage changes and deals.
- Founded Backdrop is founded.
- Funding First funding round of $125K.
Competitors of Backdrop
Backdrop has 10 listed competitors in our database, 10 of them funded. They include Conta Simples, AppZen, Jenji, Mendel and Sensibill, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| contasimples.com | 2018 | Sao Paulo, Brazil | $68.15M | – | Digital bank for businesses | |
| appzen.com | 2012 | Sunnyvale, United States | $282.51M | 141 | Personal Assistant for Expense Management | |
| jenji.io | 2015 | Paris, France | $6.59M | – | AI-based expense management software is offered for businesses. | |
| mendel.com | 2021 | Mexico | $63M | – | Expense analysis and management solutions are provided for businesses. | |
| getsensibill.com | 2012 | Toronto, Canada | $46.48M | – | Receipt management solutions are offered for digital banking apps. | |
| brightflag.com | 2014 | Dublin, Ireland | $39.39M | – | AI-based legal spend management software is offered for corporate lawyers. | |
| flexm.com | 2015 | Singapore | $13.37M | – | Expense management and bill payment solutions are offered to businesses. | |
| trytoolbox.com | 2019 | Boston, United States | $7.84M | – | Construction professionals are matched with projects via an online marketplace. | |
| getcenter.com | 2014 | Bellevue, United States | $105.98M | – | AI-based expense management software is utilized for reporting and auditing. | |
| tracehq.com | 2006 | San Francisco, United States | $8.3M | 12 | Cloud-based expense analytics software is offered for business spend management. |
Detailed competitors of Backdrop
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Finance & Accounting Applications
10 companies that operate in the same segment as Backdrop (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, Ile de France, France | USD 717.15 M | USD 171.7 M | 2,457 | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | 8,159 |
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Frequently Asked Questions about Backdrop
Backdrop was founded in 2023.
Backdrop is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Backdrop is a funded company, having raised a total of $125K across 1 funding round to date. The company's 1st funding round was a Seed of $125K, raised on Jun 2023.
Backdrop offers financial tools tailored for film, TV, music, and event productions, as well as corporate teams. Real-time P-Card management, automated accounts payable processes, and corporate expense tracking are delivered through an all-in-one platform. Integration with major accounting systems is supported, and budget tracking along with custom approval chains is facilitated. The focus is placed on streamlining vendor onboarding, payments, and reimbursements while serving global production industries with efficient pre-accounting solutions.
Backdrop's top competitors include Conta Simples, Brightflag and AppZen.
Backdrop offers P-Cards Management, Accounts Payable Automation, and Corporate Expenses Tracking.
Backdrop has 1 investor. Key investors include Y Combinator.
Backdrop operates through Twig Tech.