Accountable Analysis: $2M Raised
What is Accountable?
Accountable is a financial technology company specializing in automated bookkeeping for property managers. Their unique approach integrates expense management with real-time transaction visibility, eliminating manual entry errors. This transformation allows property managers to reclaim lost profits and save significant time on bookkeeping tasks.
Location
262 Carroll St., Fort Worth, Texas 76107, United States
Employees
11-50
Founded
2013
Revenue
$5.4M
Business Model
Revenue model includes transaction fees, subscriptions, and premium service offerings.
Investors
- Stride.VC
- Connect Ventures
Product Features & Capabilities
- Expense Management, Bill Pay, Operating & Trust Accounts, Dual Accounting, Capture receipts and tag by property, Send same-day ACH, wires, and mailed checks, Unlimited accounts with FDIC insurance, Sync with Property Management and Operating Accounting Systems, Real-time alerts for spending, Simplified reporting for owner and property statements.
Pricing
- Basic Plan: $399 Per Month
How much Accountable raised
Seed Round - $2.3 million
2 months agoLead Investor: MitonC, Zee Prime Capital, Maven 11's Darius Rugys, Worldcoin's DCBuilder
Who are the founders of Accountable
Market Focus
Accountable primarily focuses on the financial technology industry, specifically providing solutions for property management, including expense management, bookkeeping, and financial visibility.
Competitors Overview
The main competitors of Accountable in the property management financial technology market include:
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AppFolio:
- Overview: A widely used property management software that offers features for managing residential and commercial properties.
- Advantages: Strong user ratings (4.5/5) and a comprehensive suite of features including online rent payments, maintenance tracking, and tenant screening.
- Notable Differences: Some users report integration challenges and issues with payment processing. It is not free, which may be a disadvantage compared to competitors like Innago.
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Entrata:
- Overview: A property management software that provides a full suite of tools for property managers, including marketing, leasing, and resident management.
- Advantages: Known for its robust marketing tools and user-friendly interface.
- Notable Differences: Entrata offers a more extensive set of features compared to some competitors, but it may come at a higher price point.
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Innago:
- Overview: A free property management software that caters primarily to landlords and small property managers.
- Advantages: High user rating (4.9/5) and offers features like online rent collection, tenant screening, and maintenance requests without any monthly fees.
- Notable Differences: Innago's free model is a significant advantage over AppFolio, which charges fees. It also provides dedicated account support, enhancing user experience.
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Inhabit:
- Overview: Focuses on residential and vacation property management.
- Advantages: Tailored solutions for specific property types, which can be beneficial for niche markets.
- Notable Differences: May not have the same breadth of features as larger competitors but offers specialized services.
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BH Management:
- Overview: A property management company that also offers software solutions for managing properties.
- Advantages: Strong reputation in the industry and comprehensive management services.
- Notable Differences: Primarily focused on larger property management firms, which may not align with Accountable's target market.
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Sequoia:
- Overview: Provides property management services and software solutions.
- Advantages: Known for its customer service and support.
- Notable Differences: Focuses on larger portfolios, which may not be as relevant for smaller property managers.
These competitors vary in their pricing models, feature sets, and target markets, providing different advantages that may appeal to property managers depending on their specific needs.
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