COMPANY PROFILE

ScaleFactor

ScaleFactor combines innovative digital tools with financial expertise to bring a fresh approach to accounting and finance

Austin, United StatesFounded 2014Fintech

Valuation $250–500M Last recorded · 2019

Headcount <100 Current team size

Total funding $100–500M Disclosed equity funding

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About ScaleFactor

ScaleFactor is a financial technology company that automates bookkeeping and accounting tasks for small to medium-sized businesses. Operating in the fintech market, ScaleFactor serves clients who seek to streamline their financial operations and reduce the time spent on manual bookkeeping. The company integrates with popular accounting software like QuickBooks and Xero, offering a user-friendly platform that allows business owners to manage their finances efficiently. ScaleFactor's business model revolves around subscription-based services, providing various tiers of financial management solutions that cater to different business needs. The company generates revenue through these subscriptions and additional financial services, such as the ScaleFactor Card issued by WebBank. By automating routine financial tasks, ScaleFactor enables businesses to focus on growth and strategic planning rather than day-to-day bookkeeping.

MoreLess Source: Dealroom company data

At a glance

Status: Closed
Founded: 2014
Headquarters: Austin, United States
Employees: 4
Open positions: None listed
Dealroom signal: 0.0/100
Industry: Fintech
Sub-industry: Financial Management Solutions
Sector: Fintech, Accounting, Business Intelligence, Hard Tech, DT and LS
Technology: Artificial Intelligence, Deep Tech, Machine Learning
Client focus: b2b
Links: Website LinkedIn X

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Funding history

6 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SERIES COther financing	Aug 2019	$60M	$240M	Stripes · Broadhaven Capital Partners · Coatue Management · Vale Group	—
SERIES BOther financing	Jan 2019	$30M	$120M	Canaan · Broadhaven Capital Partners · Bessemer Venture Partners · Firebrand Ventures	↗

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Growth signals

ScaleFactor website traffic

Latest recorded traffic for ScaleFactor is 40K monthly website visits, down 29.8% over the last three months. ScaleFactor's team grew 0% over the past year.

Latest monthly visits40K 3-month web change-29.8% 1-year team growth0%

Monthly website visitsJan 2017–Sep 2020

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