About Lockstep
Lockstep is a company based in Seattle (United States) founded in 2019 by Vivek A G was acquired by Sage Group in August 2022.. Lockstep has completed 1 acquisition, including Finly. Lockstep offers products and services including AR Automation, Sage Inbox, Self Service, and Sage Network API. Lockstep operates in a competitive market with competitors including Qonto, Melio, Lili, Azets and Settle, among others.
- Headquarter Seattle, United States
- Founders Vivek A G
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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Latest Funding Round
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Employee Count
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- Investments & Acquisitions
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Acquired by
Sage Group
(Aug 16, 2022)
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Products & Services of Lockstep
Lockstep offers a comprehensive portfolio of products and services, including AR Automation, Sage Inbox, Self Service, and Sage Network API. 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.
Manages customer collections to reduce DSO and increase cash flow.
Automates customer and vendor workflows in a shared inbox.
Provides real-time access to invoices and transaction history.
Enables integration for finance and accounting tasks.
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Funding Insights of Lockstep
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Lockstep
Lockstep has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Sage Group. 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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Cloud-based accounting and payroll solutions for small and medium businesses
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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 Lockstep
Lockstep has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Finly. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based accounts payable automation is delivered for business expense management.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Lockstep
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Lockstep Comparisons
Competitors of Lockstep
Lockstep 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 Qonto, Melio, Lili, Azets and Settle, 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 |
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Subscription-based online banking is offered to SMEs and freelancers.
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Blood-based pathogen detection devices are manufactured for healthcare applications.
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Digital banking services are offered to freelancers.
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| domain | founded_year | HQ Location |
Online accounting, tax, and audit management services for small businesses
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| domain | founded_year | HQ Location |
Cloud-based cash flow management is provided for payers and vendors.
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| domain | founded_year | HQ Location |
AI and cloud-enabled source-to-pay automation solutions are provided for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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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Frequently Asked Questions about Lockstep
When was Lockstep founded?
Lockstep was founded in 2019.
Where is Lockstep located?
Lockstep is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
What does Lockstep do?
Lockstep was founded in 2019 in Seattle, United States, focusing on the accounting software sector. Cloud-based tools for workflow and business management are delivered to accounting firms. Key offerings include Inbox for handling conversational emails with vendors and clients, Collect for automating accounts receivable and payments, and an API for integrating accounting and ERP systems. Operations emphasize streamlined communication and financial processes.
Who are the top competitors of Lockstep?
What products or services does Lockstep offer?
Lockstep offers AR Automation, Sage Inbox, Self Service, and Sage Network API.
How many acquisitions has Lockstep made?
Lockstep has made 1 acquisition, including Finly.
Who are Lockstep's investors?
Lockstep has 1 investor. Key investors include Sage Group.
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