Backdrop Analysis: $2M Raised
What is Backdrop?
Backdrop simplifies expense management with a pre-accounting tool for snapping receipts, issuing virtual and physical p-cards, and managing vendor payments on one platform.
Employees
2
Founded
2023
Revenue
$3M
Investors
- Fort Ventures
- Y Combinator
- Singularity Capital
Product Features & Capabilities
- virtual and physical p-card issuance, unlimited p-card issuance with spend limits, centralized tracking of card and cash expenses, advanced AI receipt parsing, digital petty cash envelope creation and approval, invoice uploads and vendor payments without bank login, vendor management and onboarding,
Pricing
- Standard Plan: $75 per user per month
- Professional Plan: $99 per user per month
- Custom Plan: Available upon request
How much Backdrop raised
Funding Round - $1.70M
February 16, 2022Lead Investor: Lemniscap, Scalar Capital, Seed Club Ventures, and others.
Who are the founders of Backdrop
AS
Akanksha Singh
Founder
CS
Caitlin Short
Founder
Market Focus
Backdrop primarily focuses on the financial technology (fintech) industry, specifically in the area of expense management and pre-accounting solutions.
Competitors Overview
Backdrop's main competitors in the expense management and pre-accounting market include:
- SnaptoBook: An AI-powered receipt management solution that digitizes and organizes receipts for personal accounting. It offers a free trial, making it attractive for users seeking a no-cost entry point.
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