About Balance Financial
Balance Financial is a Technology company based in Bellevue (United States) founded in 2004, and was acquired by TaxAct in October 2013. Personal and business finance management platform. Balance Financial has raised $2.01 million across 3 funding rounds from investors including TaxAct, Alliance of Angels and Camp One Ventures. The company has 22 employees. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Record to Report. Its competitors include Botkeeper, Outright and Orbia; 2 of its 3 listed competitors have raised funding.
Company details
Balance Financial was established in 2004 in Bellevue, United States, within the financial services sector. Tools for personal and business finance management are delivered, encompassing bookkeeping, document handling, banking integration, and expense tracking. Operations are supported through a web-based platform and mobile application. Acquisition by TaxAct occurred in October 2014.
- Headquarters Bellevue, United States
- Employees 22
- Stage Acquired
- SectorsTechnology
- Website balancefinancial.com
- Social LinkedIn X
- Acquired by TaxAct (Oct 2013)
Funding Insights of Balance Financial
Balance Financial has successfully raised a total of $2.01M across 3 strategic funding rounds. The most recent funding activity was a Unspecified round of $1.5 million completed in July 2012. 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 $2.01M
- Total Rounds 3
- Last Round Unspecified — $1.5M
- Investors Count 2
All 3 funding rounds of Balance Financial 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 |
|---|---|---|---|---|---|
| Jul 2012 | $1.5M | Unspecified | – | – | |
| Apr 2012 | $2.01M | Series A | – | Alliance of Angels | – |
| Sep 2011 | Series A | – | – |
3 investors in total: 3 institutional.
Investors in Balance Financial
Balance Financial has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include TaxAct, Alliance of Angels and Camp One Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| allianceofangels.com | ||||
Early-stage consumer, financial, SaaS, and blockchain companies are invested in. | camponeventures.com | Palo Alto, United States | ||
Tax filing software is offered for individuals and businesses. | 1998 | taxact.com | Dallas, United States |
Investor details for Balance Financial
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.
Timeline of Balance Financial
4 dated milestones of Balance Financial across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Balance Financial is founded.
- Funding First funding round.
- Funding Latest funding round, Unspecified, of $1.5M.
- Exit Acquired by TaxAct.
Competitors of Balance Financial
Balance Financial has 3 listed competitors in our database, 2 of them funded. They include Botkeeper, Outright and Orbia.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| botkeeper.com | 2015 | Boston, United States | $89.5M | 129 | AI-based bookkeeping software is provided for businesses and accounting firms. | |
| outright.com | 2008 | Mountain View, United States | $7.5M | Online bookkeeping solutions are delivered for small businesses and entrepreneurs. | ||
| orbia.com | 1953 | United States | Orbia is focused on advancing life through innovative solutions globally. |
Detailed competitors of Balance Financial
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
3 companies that operate in the same segment as Balance Financial (Finance & Accounting Applications) in United States, 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 |
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Frequently Asked Questions about Balance Financial
Balance Financial was founded in 2004 and raised its 1st funding round 7 years after it was founded.
Balance Financial is headquartered in Bellevue, United States. It is registered at Bellevue, Washington, United States.
Balance Financial is a funded company, having raised a total of $2.01M across 3 funding rounds to date.
Balance Financial has 22 employees.
Balance Financial was established in 2004 in Bellevue, United States, within the financial services sector. Tools for personal and business finance management are delivered, encompassing bookkeeping, document handling, banking integration, and expense tracking. Operations are supported through a web-based platform and mobile application. Acquisition by TaxAct occurred in October 2014.
Balance Financial has 3 investors. Key investors include TaxAct, Alliance of Angels, and Camp One Ventures.
Yes. Balance Financial was acquired by TaxAct in October 2013.