Gappify, the Oakland-based firm offering accounting automation solutions for corporate finance departments, secured $10M in a Series B funding round.
Totaling $22M in funding, the round was spearheaded by FINTOP Capital and saw participation from Rally Ventures, Stage 2 Capital, SaaS Ventures, and Pasudeco & Co. FINTOP’s General Partner, Jared Winegrad, will join Gappify’s Board of Directors as part of the deal.
The company plans to use the investment to accelerate growth and develop new accounting automation products.
Gappify, founded by CEO Jotham Ty, delivers cloud-based solutions aimed at automating crucial accounting and financial reporting tasks. The company’s primary platform, “Accrual Cloud,” is utilized by midmarket and enterprise accounting teams for managing, executing, and analyzing month-end accrual processes