Gappify, an Oakland, CA-based provider of accounting automation solutions for corporate accounting teams, raised $10M in Series B funding.
The round, which brought the total amount to $22M, was led by FINTOP Capital, with participation from Rally Ventures, Stage 2 Capital, SaaS Ventures, and Pasudeco & Co. As part of the transaction, FINTOP’s Jared Winegrad, General Partner, will join Gappify’s Board of Directors.
The company intends to use the funds to accelerate growth and development of new accounting automation products.
Led by Jotham Ty, CEO and Founder, Gappify is a provider of cloud-based solutions designed to automate mission-critical accounting and financial reporting activities. Its flagship “Accrual Cloud” platform is leveraged by midmarket and enterprise accounting teams to orchestrate, execute and analyze month-end accrual processes.