What is Confirmation?
Confirmation develops a sophisticated online audit confirmation platform designed to streamline the management of various aspects of the audit confirmation process for auditors and accounting firms. Founded in 2000 and headquartered in Brentwood, Tennessee, the company addresses a critical need for efficiency and accuracy in financial verification. Its platform facilitates secure and compliant communication, enhancing the integrity and speed of audit procedures. The company's focus on this niche within the broader fintech landscape positions it as a key player for accounting professionals seeking to modernize their workflows.
How much funding has Confirmation raised?
Confirmation has raised a total of $60M across 1 funding round:
Private Equity
$60M
Private Equity (2016): $60M with participation from Great Hill Partners
Key Investors in Confirmation
Great Hill Partners
Great Hill Partners is a Boston-based private equity firm that has raised over many billions in commitments since inception to finance the acquisition, recapitalisation, or expansion of growth companies in the communications, financial technology, healthcare, information services, internet, media, retail, consumer, and software industries.
What's next for Confirmation?
The substantial enterprise-level funding Confirmation has received, particularly the recent strategic investment, signals a strong confidence from its backers in the company's future trajectory. This capital infusion is likely to fuel further development of its audit confirmation technology, expansion into new markets, and enhancement of its service offerings. The company is poised to leverage this financial momentum to solidify its market leadership and potentially explore new avenues for growth, such as integrating advanced analytics or expanding its client base within larger accounting enterprises. The consistent backing suggests a strategy focused on scaling operations and deepening its technological capabilities.
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