Finicast, a modern SaaS enterprise collaborative planning platform that allows teams to model, plan, forecast, and track performance, has announced a significant funding milestone.
The company has raised $12.8m in a seed funding round led by Celesta Capital. This funding is set to play a crucial role in advancing the company’s platform and go-to-market strategy.
Finicast empowers organisations of all sizes and across various industries to unlock the potential of their business planning. The platform offers a seamless integration of traditional planning platforms’ power with the flexibility of modern SaaS tools. It enables multidimensional collaborative planning, allowing businesses to adapt swiftly to dynamic needs and achieve rapid results.
Finicast aims to utilise the seed funding to enhance its tools for creating and updating flexible models, facilitating collaboration across departments, and scaling to handle large data sets. The objective is to unlock new ways to achieve accurate forecasting and planning in a customised manner.
The Finicast platform provides quick time-to-value at a lower entry price and requires fewer onboarding resources. It offers a flexible workspace that goes beyond traditional solutions, allowing collaboration through task management, inputting data directly into models, and advanced version control. Leveraging proprietary PivotFrame data engine technology, Finicast offers a centralised platform to enable precise decision-making and drive organisational efficiency.
Finicast CEO Daniel Reif said, “Our aim is to equip teams with the tools they need to create and update flexible models, collaborate seamlessly across departments, and scale effortlessly to handle large-scale data sets. Through this funding, we will be able to unlock new pathways to achieve accurate forecasting and planning in a bespoke fashion.”
Celesta Capital Founding Managing Partner Michael Marks said, “Finicast is delivering on the clear need to bring more simplicity to this complex process. We are thrilled to support their next phase of growth.”
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