Zeni Tech

Palo Alto, United States Founded: 2019 • Age: 7 yrs
AI-powered bookkeeping and financial services for startups are provided.
Annual revenue $5.7M Latest available
Total funding $47.5M 2 rounds
Employees 206 Tracked headcount
Investors 11 Known backers
Products 5 Services tracked
Competitors 10 Brand Intelligence

About Zeni Tech

Zeni Tech is a company based in Palo Alto (United States) founded in 2019 by Swapnil Shinde and Snehal Shinde. Zeni Tech has raised $47.5 million across 2 funding rounds from investors including SVB, Saama Capital and Neeraj Arora. The company has 206 employees as of April 04, 2024. Zeni Tech offers products and services including AI Bookkeeping, AI Bill Pay, AI Reimbursements, AI Business Checking, and AI Business Credit Card. Zeni Tech operates in a competitive market with competitors including BlackLine, Wolters Kluwer, Digits, HighRadius and PowerPlan, among others.

  • Headquarter Palo Alto, United States
  • Employees 206 as on 04 Apr, 2024
  • Founders Swapnil Shinde, Snehal Shinde
  • Sectors
    Technology
  • Email
    Locked
  • Phone
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  • Website
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  • Social
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  • Legal Name Zeniai Private Limited
  • Date of Incorporation 11 Jul, 2019
  • Jurisdiction Pune, Maharashtra, India
Operational Areas
Technology → Marketing, Adtech & Commerce Technology Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $5.66 M (USD)
    147.28
    as on Mar 31, 2023
  • Net Profit
    $646.94 K (USD)
    189.53
    as on Mar 31, 2023
  • EBITDA
    $1.17 M (USD)
    195.89
    as on Mar 31, 2023
  • Total Equity Funding
    $47.5 M (USD)

    in 2 rounds

  • Latest Funding Round
    $34 M (USD), Series B

    Aug 04, 2021

  • Investors
    SVB

    & 10 more

  • Employee Count
    206

    as on Apr 04, 2024

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Products & Services of Zeni Tech

Zeni Tech offers a comprehensive portfolio of products and services, including AI Bookkeeping, AI Bill Pay, AI Reimbursements, AI Business Checking, and AI Business Credit Card.

Product name locked
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Primary

Automates financial record-keeping for accurate business insights.

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Facilitates fast vendor payments with AI-powered processing.

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Handles employee reimbursements quickly and efficiently.

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Provides AI-enhanced checking accounts for transaction management.

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Offers credit cards with automated expense tracking and rewards.

People of Zeni Tech

Headcount 50-200
Employee Profiles 50
Employee Profiles
People
Mason Charlesworth
BDR - Team Lead
People
Ben Ashworth
VP of Marketing
People
Scott Whitehead
VP of Strategy & Partnerships
People
Greeshma Polkam
Sr. Product Manager

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Funding Insights of Zeni Tech

Zeni Tech has successfully raised a total of $47.5M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $34 million completed in August 2021. 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 Zeni Tech

Zeni Tech has secured backing from 11 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include SVB, Saama Capital and Neeraj Arora.

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Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
Early-stage venture capital investments in AI, healthcare, and enterprise technologies.
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Investments in AI-based seed and Series A startups are targeted.
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Venture capital fund focused on seed-stage investment in multiple sectors
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Investor details for Zeni Tech

Investor domains, locations, round participation, and complete history require an active premium plan.

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  • Investor locations
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  • Participation history

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Investments & Acquisitions by Zeni Tech

Investments
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Investment portfolio details for Zeni Tech

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  • Portfolio identities
  • Transaction dates
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Financial Statements - Zeni Tech

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Detailed financials for Zeni Tech

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Zeni Tech Comparisons

Zeni Tech Primary company
Description
AI-powered bookkeeping and financial services for startups a...
Location
Palo Alto, United States
Founded Year
2019
Annual Revenue
$5.66 M (USD)
Net Profit
$646.94 K (USD)
EBITDA
$1.17 M (USD)
Employees
206
As of 2024
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Peer comparison for Zeni Tech

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Competitors of Zeni Tech

Zeni Tech 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 BlackLine, Wolters Kluwer, Digits, HighRadius and PowerPlan, among others.

Company Name Domain Founded year HQ Location Description
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AI-based accounting processes are automated for businesses.
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Enterprise legal processes are managed via an AI-powered platform.
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SMS-based customer authentication and verification services are provided across platforms.
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Autonomous finance and payment solutions are provided to businesses.
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Asset accounting, tax, and budgeting solutions are offered to businesses.
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Cloud-native group accounting platform with automation intelligence is utilized.
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Detailed competitors of Zeni Tech

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  • Full company profiles
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Latest news on Zeni Tech

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Complete news archive for Zeni Tech

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  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about Zeni Tech

Zeni Tech was founded in 2019 and raised its 1st funding round 2 years after it was founded.

Zeni Tech is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.

Swapnil Shinde is the current CEO of Zeni Tech. They have also founded this company.

Zeni Tech is a funded company, having raised a total of $47.5M across 2 funding rounds to date.

As of Apr 04, 2024, the latest employee count at Zeni Tech is 206.

Annual revenue of Zeni Tech is $5.66M as on Mar 31, 2023.

Zeni Tech was founded in 2019 in Palo Alto, United States, within the fintech sector. Automated bookkeeping, bill pay, and reimbursement solutions are offered to startups, alongside integration with existing accounting software for real-time financial insights. Fractional CFO, tax, and payroll support is managed by a team of financial experts. Operations are streamlined across these integrated services to handle routine financial tasks.

Zeni Tech's top competitors include BlackLine, Digits and Recko.

Zeni Tech offers AI Bookkeeping, AI Bill Pay, AI Reimbursements, AI Business Checking, and AI Business Credit Card.

Zeni Tech has 11 investors. Key investors include SVB, Saama Capital, Neeraj Arora, Sierra Ventures, and Twin Ventures.

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