About Finmark
Finmark is a company based in Raleigh (United States) founded in 2001 was acquired by Bill.com in November 2022. It operates as a SaaS (Software-as-a-Service). Finmark has raised $5.3 million across 3 funding rounds from investors including Bill.com, American Express and Bessemer Venture Partners. Finmark offers products and services including Finmark Platform. Finmark operates in a competitive market with competitors including Brightflow AI, Centage, Causal, Board and Emma, among others.
- Headquarter Raleigh, United States
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Sectors
Technology
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Phone
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Website
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Social
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Products & Services of Finmark
Finmark offers a comprehensive portfolio of products and services, including Finmark Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Financial modeling software is provided for business planning.
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Funding Insights of Finmark
Finmark has successfully raised a total of $5.3M across 3 strategic funding rounds. 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 Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(27 Aug 2020)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Seed - Finmark | Valuation | American Express | |
| Oct, 2020 | Amount | Seed - Finmark | Valuation | IDEA Fund Partners , Bessemer Venture Partners | |
| Aug, 2020 | Amount | Seed - Finmark | Valuation | Y Combinator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Finmark
Finmark has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Bill.com, American Express and Bessemer Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage technology companies receive venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Tech & Life Sciences focused VC firm investing in early & seed stage startups in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Finmark
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Finmark
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Finmark Comparisons
Competitors of Finmark
Finmark operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Brightflow AI, Centage, Causal, Board and Emma, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based AI-driven cash flow forecasting is offered for businesses.
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| domain | founded_year | HQ Location |
Budgeting and planning software solutions for small to medium sized businesses.
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| domain | founded_year | HQ Location |
Cloud-based financial planning and predictive analytics are offered to businesses.
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| domain | founded_year | HQ Location |
Cloud-based financial planning and analysis and budgeting solutions for enterprises
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| domain | founded_year | HQ Location |
Money management tools are offered via an app for individuals.
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| domain | founded_year | HQ Location |
Up is recognized as a digital banking platform in Australia.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Finmark
Frequently Asked Questions about Finmark
When was Finmark founded?
Finmark was founded in 2001 and raised its 1st funding round 19 years after it was founded.
Where is Finmark located?
Finmark is headquartered in Raleigh, United States. It is registered at Raleigh, North Carolina, United States.
Who is the current CEO of Finmark?
Rami Essaid is the current CEO of Finmark.
Is Finmark a funded company?
Finmark is a funded company, having raised a total of $5.3M across 3 funding rounds to date. The company's 1st funding round was a Seed of $150K, raised on Aug 27, 2020.
What does Finmark do?
Financial modeling tools are provided by Finmark to assist startups and mid-sized businesses. Solutions for budgeting, forecasting, scenario planning, and hiring are included. Real-time data integration with accounting and billing systems is supported. Collaboration features for sharing financial plans are also offered. The platform targets sectors like small businesses and accounting firms, focusing on streamlined financial decision-making.
Who are the top competitors of Finmark?
Finmark's top competitors include Up, Centage and Brightflow AI.
What products or services does Finmark offer?
Finmark offers Finmark Platform.
Who are Finmark's investors?
Finmark has 9 investors. Key investors include Bill.com, American Express, Bessemer Venture Partners, Draper Associates, and IDEA Fund Partners.
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