About Bean
Bean is a Technology company based in Palo Alto (United States) founded in 2017 by Cono Onorato and Anees Pretorius. It operates as an AI-driven accounting and management software solutions are provided. It operates on a Professional Services model. Bean has raised $1.7 million across 1 funding round from investors including Matchstick Ventures. Its chief executive is Anees Pretorius. Bean offers products and services including Financial Solutions and Accounting Solutions. Its focus areas include Finance, Financial Services and Accounting Solutions. Its competitors include AdvisorFinder, Talouskuutio.fi, Bankeo, Australian Finance Revolution and Filing Buddy and 3 more; 1 of its 8 listed competitors has raised funding.
Company details
Comprehensive financial and accounting solutions are delivered by Bean. Services are focused on supporting businesses in managing finances effectively. Sectors served include small to medium enterprises needing streamlined operations. Solutions are tailored to enhance financial clarity and compliance.
- Headquarters Palo Alto, United States
- Founders Cono Onorato, Anees Pretorius
- SectorsTechnology
- Email••••••••
- Website beanai.com
- Social LinkedIn X
- Total Equity Funding$1.7M (USD)
in 1 rounds
- Latest Funding Round$1.7M (USD), Seed
Aug 2022
- Investors
Products & Services of Bean
Bean offers a comprehensive portfolio of products and services, including Financial Solutions and Accounting Solutions.
Financial solutions are provided for business management needs.
Accounting services are offered to streamline business operations.
Funding Insights of Bean
Bean has successfully raised a total of $1.7M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.7 million completed in August 2022. 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 $1.7M
- Total Rounds 1
- Last Round Seed — $1.7M
- First Round $1.7M
(Aug 2022)
- Investors Count 1
All 1 funding rounds of Bean 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 |
|---|---|---|---|---|---|
| Aug 2022 | $1.7M | Seed | – | Matchstick Ventures | – |
1 investors in total: 1 institutional.
Investors in Bean
Bean has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Matchstick Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital is provided to ambitious entrepreneurs. | 2015 | matchstick.vc | United States |
Investor details for Bean
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 Bean
2 people are tracked at Bean (2 in leadership).
| Name | Role | Group |
|---|---|---|
Cono Onorato | Co-Founder | Leadership |
Anees Pretorius | Co-Founder & CEO | Leadership |
Complete people profiles for Bean
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 Bean
2 dated milestones of Bean across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Bean is founded.
- Funding First funding round of $1.7M.
Competitors of Bean
Bean has 8 listed competitors in our database, 1 of them funded. They include AdvisorFinder, Talouskuutio.fi, Bankeo, Australian Finance Revolution and Filing Buddy, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| advisorfinder.com | 2023 | Virginia Beach, United States | $3.25M | – | Financial advisors are connected to users via a search platform. | |
| talouskuutio.fi | 2018 | Helsinki, Finland | – | – | Online platform for searching and comparing accounting firms is operated. | |
| bankeo.ca | 2022 | Quebec, Canada | – | – | Accounting professionals are hired through an online platform. | |
| ausfinrev.com.au | 2018 | Abbotsford, Australia | – | – | Operates a digital platform for hiring finance professionals efficiently. | |
| filingbuddy.global | 2016 | Indore, India | – | – | Offers an online platform for a range of financial services. | |
| upfin.app | 2021 | Bengaluru, India | – | – | B2B marketplace connecting businesses with legal, accounting, and financial services. | |
| sepajak.com | 2022 | Jakarta, Indonesia | – | – | Serves as an online platform offering a marketplace for tax professionals. | |
| accountria.com | 2020 | Canada | – | – | Accountancy search platform for businesses |
Detailed competitors of Bean
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.
Web traffic of Bean
The website of Bean (beanai.com) receives about 1.7K visits a month.
- Monthly visits1.7K
▼ 13.2% vs previous month
Top companies in Finance & Accounting Applications
10 companies that operate in the same segment as Bean (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 Bean
Bean was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Bean is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Anees Pretorius is the current CEO of Bean. They have also founded this company.
Bean is a funded company, having raised a total of $1.7M across 1 funding round to date. The company's 1st funding round was a Seed of $1.7M, raised on Aug 2022.
Comprehensive financial and accounting solutions are delivered by Bean. Services are focused on supporting businesses in managing finances effectively. Sectors served include small to medium enterprises needing streamlined operations. Solutions are tailored to enhance financial clarity and compliance.
Bean's top competitors include AdvisorFinder, Accountric and Talouskuutio.fi.
Bean offers Financial Solutions and Accounting Solutions.
Bean has 1 investor. Key investors include Matchstick Ventures.