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.
Founded
2023
Revenue
$3M
Company Stage
Seed
Investors
- Fort Ventures
- Y Combinator
- Singularity Capital
YC Batch
W23
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,
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
Company Pricing
- Standard Plan: $75 per user per month
- Professional Plan: $99 per user per month
- Custom Plan: Available upon request
