FloQast Analysis: $292M Raised
What is FloQast?
AI-powered accounting transformation platform by accountants for accountants
Employees
501-1000
Founded
2013
Industry
RegTech
HQ Full Address
Sherman Oaks, California, United States
Latest Funding Round Size
$292M
Website Url
Product Features & Capabilities
- Global Month-End Close automation
- AI Transaction Matching
- Automated Reconciliations
- Journal Entry Management
- Automated Evidence Collection
- Enterprise Risk Management
- AI Testing
- AI Variance Analysis
- Consolidation
- Intercompany
- FloQast Request Agent
- Close Analytics
How much FloQast raised
Funding Round - $292M
RecentOther Considerations
Trusted by 3,000+ global companies; Includes Twilio, Zoom, Snowflake, Gong, Roblox; Reduces reconciliation time by 38%; Audit process time by 23%; Discrepancies by 20%; Achieves ISO 42001 certification for ethical AI development; Recognized as top-rated platform in user reviews
Competitors
The main competitors of FloQast in the fintech space include:
1. BlackLine Financial Close Management
2. Workiva
3. Vena
4. Adra by Trintech
5. Sage Intacct
6. Oracle Fusion Cloud Enterprise Performance Management
7. OneStream
8. HighRadius Autonomous
1. BlackLine Financial Close Management
2. Workiva
3. Vena
4. Adra by Trintech
5. Sage Intacct
6. Oracle Fusion Cloud Enterprise Performance Management
7. OneStream
8. HighRadius Autonomous
Recent News
FloQast has recently been recognized as one of the fastest-growing companies in North America, making its debut on the 2024 Deloitte Technology Fast 500™ list. This recognition highlights the company's growth trajectory and its innovative accounting transformation platform. Additionally, FloQast was named to the 2024 Best Medium Workplaces List by Fortune Media and Great Place To Work®, showcasing its commitment to creating a positive work environment. Earlier this year, FloQast secured $100 million in Series E funding, achieving a valuation of $1.6 billion, which will support its global expansion and innovation efforts, particularly in artificial intelligence. The company also reported reaching $100 million in annual recurring revenue, indicating strong momentum as it moves into 2024.
