Afternoon Analysis: $500K Raised
What is Afternoon?
Afternoon provides bookkeeping, sales tax, corporate tax, and compliance support for AI startups. The company handles AI-native revenue structures, inference cost attribution, and government tax filings for founders. Its founders previously spent over a decade building financial products at Gusto and Brex, which now serve half a million businesses.
Location
New York, United States
Employees
1-10
Founded
2024
Product Features & Capabilities
- Bookkeeping services, monthly financial statements, expense tracking, invoicing and payments, year-end tax filing, quarterly estimated tax calculations, tax deduction optimization, audit support, sales tax automation, nexus monitoring, support for all 50 US states, annual, quarterly or monthly filings, government compliance automation, compliance calendar, LLC renewals, annual reports, missed snail mail prevention.
Pricing
- $350 per month
- Bookkeeping services
- Monthly financial statements
- Sales Tax
- Year end corporate taxes
How much Afternoon raised
Seed - $500K
2024Lead Investor: Y Combinator
Who are the founders of Afternoon
RZ
BP
Benjamin Paik
Co-Founder
Market Focus
Afternoon primarily focuses on the bookkeeping and tax services industry, specifically catering to e-commerce and startup founders.
Competitors Overview
Afternoon operates in a competitive market for bookkeeping and tax platforms tailored for e-commerce and startup founders. The main competitors include:
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Webgility: This platform offers comprehensive e-commerce accounting solutions, focusing on multi-channel businesses. It provides seamless, real-time transaction syncing between sales channels and accounting software, which is a significant advantage for businesses operating on multiple platforms.
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A2X: A2X specializes in financial reconciliation for marketplace sellers, making it easier for e-commerce businesses to manage their accounting by automating the process of importing sales data from platforms like Amazon and Shopify.
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Synder: An all-in-one accounting automation tool designed for e-commerce businesses, Synder helps automate bookkeeping tasks, which can save time and reduce errors in financial reporting.
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Finaloop: This is a full-service bookkeeping solution that automates financial processes, providing a hands-off approach for business owners who prefer to focus on growth rather than day-to-day bookkeeping tasks.
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Xero: A well-known cloud-based accounting platform that caters to small and medium businesses, Xero offers a range of features including invoicing, expense tracking, and tax management, making it a versatile option for startups.
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Zoho Books: This platform is designed to streamline bookkeeping tasks and organize business transactions, offering a secure space for financial management, which is particularly beneficial for startups looking for an all-in-one solution.
Notable differences include the level of automation, integration capabilities with e-commerce platforms, and the specific focus on either multi-channel sales or comprehensive bookkeeping services. Afternoon's unique selling proposition lies in its tailored approach for tech startups and e-commerce brands, emphasizing real-time access to financial metrics.
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