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§ Private Profile · San Mateo, CA, USA
Leapfin is a company.
Leapfin has raised $19.5M across 3 funding rounds.
Key people at Leapfin.
Leapfin has raised $19.5M in total across 3 funding rounds.
Leapfin delivers an AI-driven infrastructure that streamlines the record-to-report process for finance teams. The platform unifies transaction data, transforms it for accounting, and applies revenue recognition standards. It leverages AI to trace changes, generate insights, and deliver reliable outputs to accounting systems, effectively converting operational data into precise financials.
Leapfin was co-founded in 2015 by Raymond Lau and Erik Yao. Their combined experience in financial operations and software development exposed the challenge of translating complex operational data into accurate financial reports. This direct understanding of finance pain points motivated them to build a scalable solution for robust financial management.
The company's platform supports growing enterprises, equipping finance departments with tools for efficient accounting, reconciliation, and compliance. Leapfin's vision centers on empowering finance professionals with accurate, data-driven insights, enabling informed decision-making and fostering business growth through a reliable framework.
Leapfin has raised $19.5M across 3 funding rounds. Most recently, it raised $12.0M Series A in May 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2022 | $12M Series A | — | Crosslink Capital, E14 Fund, Gaingels, Northpond Ventures, Uncorrelated Ventures, Work Bench | Announced |
| Aug 1, 2020 | $3M Seed | — | Accel, Spark Capital, Work Bench | Announced |
| Dec 19, 2019 | $4.5M Venture Round | Bowery Capital | — | Announced |
Leapfin has raised $19.5M in total across 3 funding rounds.
Leapfin's investors include Crosslink Capital, E14 Fund, Gaingels, Northpond Ventures, Uncorrelated Ventures, Work-Bench, Accel, Spark Capital, Bowery Capital.
Leapfin is an AI-powered financial data management platform that automates revenue recognition, reconciliation, and reporting for finance teams, providing real-time visibility into GAAP-compliant financials.[1][2][4][5] It serves high-growth digital businesses like Canva, Reddit, SeatGeek, Flexport, and Vimeo by consolidating data from disparate systems such as payment providers, billing platforms, and ERPs into a single source of truth, solving the pain of manual reconciliations and delayed month-end closes.[1][3][4][5] This enables CFOs to trust their data for strategic decisions, reducing close times from 90 days to as little as 5 days while handling billions of transactions at scale.[1][5]
Founded in 2015 and headquartered in San Mateo, California, Leapfin has raised $27.42M across multiple rounds, including a $12.2M Series A in 2022 led by Crosslink Capital, demonstrating strong growth momentum amid rising demand for automated finance tools.[2][3]
Leapfin was founded in 2015 by Raymond Lau (CEO) and Erik Yao, who drew from their shared experience building financial operations software and facing real-world pain points in data visibility.[1][4] Lau, previously in Business Operations at Zynga—a $12B+ business—encountered fragmented data across dozens of systems and Excel sheets, hindering critical decisions despite the company's data-driven culture.[1][4] This frustration led them to create a platform rethinking financial data from the ground up, starting with a Financial Data Platform for consolidation and a Revenue Subledger for automated, GAAP-compliant journal entries.[1]
Early traction came via investments like Work-Bench's Seed II lead in 2019, followed by the 2022 Series A, fueling product expansion and customer wins among leading digital brands.[1][3]
Leapfin stands out in financial data management through:
These features differentiate it from competitors like Blue Onion by emphasizing compliance, speed, and control over fragmented legacy tools.[3]
Leapfin rides the wave of AI-driven finance automation, addressing exploding data complexity in SaaS, digital marketplaces, and high-volume subscription models where manual reconciliation no longer scales.[1][4][5] Timing is ideal amid post-pandemic growth in cloud-native businesses, regulatory pressures like ASC 606 revenue standards, and the shift to real-time financial intelligence—market forces amplified by AI's rise in fintech.[2][3][6]
By empowering finance teams to move from "closing books" to "stewarding growth," Leapfin influences the ecosystem, reducing close cycles and freeing analysts for strategic work, much like how modern ERPs transformed operations decades ago.[4][5] Its adoption by icons like Canva and Reddit underscores its role in enabling data trust at scale for the digital economy.[1][3]
Leapfin is poised to expand as AI matures in finance, with recent debt funding signaling operational scaling and product evolution like the Luca AI feature.[3][5] Trends like multi-system data proliferation and demand for auditable AI will propel it, potentially capturing more mid-market share beyond current digital leaders.[4][5] Its influence may grow by setting standards for "trustworthy AI" in record-to-report processes, evolving from automation specialist to indispensable infrastructure—reinforcing its core mission of confident, energizing finance that powers growth.[1][4]
Key people at Leapfin.
