About Flare
Flare is a company based in Chicago (United States) founded in 2021 by Vernon G. It operates as a SaaS (Software-as-a-Service) and Subscription Services. Flare has raised $660 thousand across 3 funding rounds from investors including Techstars. Flare offers products and services including Business Accounts, Expense Management, Bill Pay, and Financial Planning. Flare operates in a competitive market with competitors including Blackbaud, Daxko, Ministry Brands, Foundant Technologies and Aplos, among others.
- Headquarter Chicago, United States
- Founders Vernon G
-
Sectors
Government & Social SectorTechnology
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Flare Financial Systems, Inc
-
Annual Revenue
Not available
-
Net Profit
Not available
-
EBITDA
Not available
-
Total Equity Funding
$660 K (USD)
in 3 rounds
-
Latest Funding Round
$15 K (USD), Seed
May 15, 2024
- Investors
-
Employee Count
Not available
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Flare
Flare offers a comprehensive portfolio of products and services, including Business Accounts, Expense Management, Bill Pay, and Financial Planning.
Business accounts are provided for nonprofit financial management.
Expense management is offered for nonprofit spending control.
Bill payment solutions are automated for nonprofit operations.
Financial planning tools are provided for nonprofit strategies.
Funding Insights of Flare
Flare has successfully raised a total of $660K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $15 thousand completed in May 2024. 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.
Investors in Flare
Flare has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Techstars.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Startups are accelerated globally without sector restrictions through structured programs.
|
Locked | Locked | Locked |
Investor details for Flare
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Flare
Investment portfolio details for Flare
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Flare
Detailed financials for Flare
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Flare Comparisons
Peer comparison for Flare
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Flare
Flare 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 Blackbaud, Daxko, Ministry Brands, Foundant Technologies and Aplos, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Cloud-based software solutions for nonprofit organizations are offered.
|
|
| Locked | Locked | Locked |
Cloud-based solutions are delivered for nonprofit organizations' operations.
|
|
| Locked | Locked | Locked |
Comprehensive church management solutions are enabled by SaaS.
|
|
| Locked | Locked | Locked |
Grant management software is provided for grantmakers and grantseekers.
|
|
| Locked | Locked | Locked |
Software for managing nonprofit accounting, donors, and members is provided.
|
|
| Locked | Locked | Locked |
Investment advisory and fiduciary services are offered for charitable endowments.
|
Detailed competitors of Flare
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Flare
Complete news archive for Flare
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Flare
Flare was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Flare is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Flare is a funded company, having raised a total of $660K across 3 funding rounds to date.
Flare is engaged in providing AI-powered financial platforms tailored for nonprofit organizations. Services are offered in areas such as business accounts, expense management, bill pay, and financial planning. Solutions are designed to automate bookkeeping, enhance fundraising, and provide real-time financial insights. The platform is built to support nonprofit operations across various financial needs, ensuring compliance and control while maximizing the impact of funds.
Flare's top competitors include Daxko, Foundant Technologies and Blackbaud.
Flare offers Business Accounts, Expense Management, Bill Pay, and Financial Planning.
Flare has 1 investor. Key investors include Techstars.