USA – Zeni, a Palo Alto, Calif.-based modern bookkeeping fintech company, raised $13.5m in Series A funding.
The round was led by Saama Capital with participation from Amit Singhal, Sierra Ventures, SVB Financial Group, Liquid 2 Ventures, Firebolt Ventures, Dragon Capital, and Twin Ventures, with additional prominent angel investors.The company intends to use the funds to expand operations and its business reach. Led by Swapnil Shinde, Co-Founder and CEO, Zeni manages everything finance-related on behalf of its startup customers for a flat monthly fee as part of its bookkeeping, accounting, and CFO services, which includes:Zeni has processed more than $300 million in transactions in its first year, and is on-track to process a total of $1 billion in transactions in the next 12 months.Co-Founders twin brothers Swapnil Shinde and Snehal Shinde are repeat entrepreneurs and technologists with a proven track record unifying human expertise with artificial intelligence, selling their last company, AI-powered travel assistant Mezi, to American Express in 2018. 09/03/2021
