Entendre, a firm that has launched the first fully automated accounting and bookkeeping solution for Web3 companies, has bagged $4m in seed funding.
The round was led by Basis Set and with participation from Valhalla, Caffeinated, Moonpay, Alumni, MDig and Alpine.
The company has built a platform that modern finance teams can use to put blockchain financial operations on autopilot.
Entendre’s mission is to accelerate Web3 by automating on-chain financial operations and reducing operational costs so businesses can focus on innovation. The platform is ready for scale, easy to use, and customizable for any business looking to introduce blockchain transactions into their ecosystem.
The firm provides an automated double-entry accounting solution powered by AI that can record entries for any blockchain transaction. The platform supports multiple blockchains, integrates with leading accounting platforms and different Web3 applications. The customer base includes industry disruptors like Hedgey, Lava, Anima, and more.
Entendre founder and CEO Kareem Khattab said, “The next 12-24 months will be critical for the longevity of blockchain companies and adopters. They must implement better systems and internal controls. Our focus is on onboarding as many businesses as possible, so that their accounting costs are inverse with their continued growth.”
End-to-end spend management solution for LatAm firms Clara has scored $60m in a recent round of equity financing.
Clara claims it exists to empower customers by simplifying an otherwise complex topic – spend management – such that it becomes one less thing to think about. So that companies can focus all their energy on unlocking their true value and unleashing their competitiveness.
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global
