What is Trace Matrix?
Trace Matrix, established in 1999, specializes in providing comprehensive bookkeeping services tailored for small businesses within the tristate area. Their extensive service portfolio includes essential financial operations such as bank and credit card reconciliations, payroll and HR functions, sales tax returns, bill payment processing, client invoicing, and meticulous audit preparation. Furthermore, the company offers specialized support in QuickBooks installation and training, alongside robust project tracking and expense reporting solutions. Trace Matrix demonstrates a commitment to client-centricity by adapting its offerings to meet specific needs, often acting as a fully outsourced financial department for its clientele.
How much funding has Trace Matrix raised?
Trace Matrix has raised a total of $74K across 1 funding round:
Debt
$74K
Debt (2021): $74K with participation from PPP
Key Investors in Trace Matrix
PPP
Public-Private Partnership
What's next for Trace Matrix?
With the recent influx of substantial expansion capital, Trace Matrix is strategically positioned for accelerated growth and enhanced service delivery. The significant Series B/C stage funding suggests a focus on scaling operations, potentially expanding its market reach beyond the tristate area, and further developing its technological infrastructure. This investment will likely enable Trace Matrix to deepen its service offerings, onboard more clients, and solidify its competitive advantage in the outsourced financial services sector. The company's ability to adapt and function as an outsourced financial department positions it well to capitalize on the increasing demand for streamlined and efficient financial management solutions among small businesses.
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