What is FISCAL Technologies?
Founded in 2003, FISCAL Technologies specializes in forensic solutions designed to empower purchase-to-pay (P2P) teams globally. The company's offerings are crucial for organizations seeking to safeguard their spending by identifying and mitigating risks within their procurement processes. By leveraging advanced analytics and forensic techniques, FISCAL Technologies enables businesses to achieve greater control and transparency over their financial outflows, preventing fraud and ensuring compliance.
How much funding has FISCAL Technologies raised?
FISCAL Technologies has raised a total of $4.7M across 1 funding round:
Series A
$4.7M
Series A (2019): $4.7M with participation from SUG, Octopus Investments, and Calculus Capital
Key Investors in FISCAL Technologies
SUG
An undisclosed investor participating in the funding round.
Octopus Investments
Octopus Investments is the UK's largest provider of specialist tax-efficient investments, focusing on VCTs and inheritance tax solutions. They cater to individual investors, financial advisers, and institutional clients, helping them plan for their financial future while managing high-risk investment options.
Calculus Capital
Calculus Capital is a London-based investment manager specializing in tax-efficient growth capital for UK smaller companies. It manages venture capital trusts (VCTs), enterprise investment scheme (EIS) funds, and inheritance tax solutions that invest in high-growth technology, healthcare, and creative industries businesses.
What's next for FISCAL Technologies?
With the recent infusion of capital, FISCAL Technologies is poised for accelerated growth and market expansion. The company's focus on enterprise-level solutions suggests a strategic push to capture larger market share and enhance its product suite. Future developments are likely to include further innovation in forensic technology and broader adoption of its purchase-to-pay protection services, solidifying its position as a leader in financial integrity solutions.
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