Acctual just hit the jackpot, securing a cool $3.85 million in seed funding! They’re on a mission to revolutionize how crypto startups handle their finances, and the CEO spilled the beans exclusively to TechCrunch.
Atikh Bana, the brains behind Acctual, spilled the tea on their game plan. Basically, they’re making it super easy for crypto companies to handle invoices and bills. Think of it as a top-notch system that automates everything for digital money.
The funding came in hot, co-led by Third Prime and IDEO, with big shots like Alchemy Ventures, OrangeDAO, and some heavy hitters like Ryan Selkis from Messari and Prajit Nanu from Nium jumping in on the action.
This cash injection is a game-changer for Acctual. They’re gearing up to fine-tune their product, expand their business, and grow their squad.
The masterminds behind Acctual – Atikh Bana, Issa Hassan, and Mohamedeq Mohamed – bring in some serious industry experience. Bana and Mohamed have been in the product development game at Stripe, while Hassan’s got Google on his resume. Their initial spark came from wanting to revolutionize B2B payments.
Acctual saw a gap in the market. They noticed that most financial automation tools were for traditional businesses, not the crypto realm. So, they’re stepping up to bring some order and efficiency to financial operations in the wild world of web3.
But here’s the twist – while there are other web3 finance-focused startups out there, Acctual’s playing the breadth game. They’re not diving too deep into one thing but aiming for a comprehensive approach. Instead of spreading themselves thin, they’re focusing on being a bang-on tool that hits the right spots.
The heart of Acctual’s game plan is automation. They’ve devised a system that streamlines both fiat and digital assets, making sure payments happen on time, avoiding overpayments, and steering clear of dodgy invoices.
Their financial system’s still in the beta phase, getting tested by various web3 organizations globally. From Series A startups to companies just looking for better financial operations, they’re trying it out on all sorts.
The features they’re rolling out? Think fraud prevention, verifying vendors and crypto wallet addresses, invoice monitoring, and syncing crypto transactions with Quickbooks or Zero.
Looking ahead, Acctual’s eyeing a future where they can optimize payments and maybe even create a global network of exchanges. The goal? To smoothen the first and last legs of crypto transactions, making digital assets feel as easy as dealing with regular money, just faster and slicker.
