What is FinQuery?
FinQuery operates as a sophisticated AI-powered SaaS platform designed to streamline the intricacies of modern corporate finance. The company specializes in automating prepaid and accrual accounting processes, effectively reducing manual overhead for finance departments. Beyond core accounting, FinQuery provides a comprehensive suite for lease accounting compliance, ensuring adherence to rigorous global standards such as ASC 842, IFRS 16, GASB 87 & 96, SFFAS 54, and FRS 102. By centralizing contract management, the platform serves as a single source of truth for organizations navigating complex regulatory environments, thereby enhancing operational transparency and audit readiness.
How much funding has FinQuery raised?
FinQuery has raised a total of $66M across 3 funding rounds:
Series A
$40M
Debt
$1M
Other Financing Round
$25M
Series A (2019): $40M with participation from Goldman Sachs Merchant Banking Division
Debt (2020): $1M led by PPP
Other Financing Round (2024): $25M supported by Lavelle Capital and Periphas Capital
Key Investors in FinQuery
Goldman Sachs Merchant Banking Division
Goldman Sachs is a leading global investment banking, securities, and investment management firm. It provides a wide range of financial services to corporations, governments, and institutional and individual clients, including mergers and acquisitions advisory, underwriting, asset management, securities trading, and wealth management.
Lavelle Capital
Lavelle Capital is a private investment firm that advises high-net-worth investors, facilitating strategic relationships across investment opportunities and family governance. The firm specializes in providing exclusive access to private markets, leveraging deep industry expertise to source and manage high-quality investments.
Periphas Capital
Periphas Capital specializes in private equity investing, leveraging decades of experience to create value through integrity, collaboration, and analytical decision-making. The firm partners with entrepreneurs and management teams, providing industry expertise and strategic insight to enhance the companies they invest in.
What's next for FinQuery?
With the infusion of this latest capital, FinQuery is well-positioned to accelerate its product roadmap and expand its footprint in the enterprise accounting market. The strategic focus will likely shift toward deepening its AI capabilities to further automate complex compliance workflows and potentially expanding its integration ecosystem to support broader ERP environments. As the regulatory landscape for lease and contract accounting continues to evolve, FinQuery's ability to provide real-time, compliant data will remain a key competitive advantage. The company is expected to utilize these resources to bolster its sales and engineering teams, ensuring it remains at the forefront of financial technology innovation while maintaining its commitment to high-fidelity compliance standards.
See full FinQuery company page
