Finance and account management SaaS Startup, Inkle has secured a $1.5 million pre seed funding round from Saison Capital, Picus Capital and Force Ventures. The company plans to use the fresh funding to expand into new corridors across Canada, US and Latin America as well as new segments such as crypto taxes.
Anand Krishna and Ranvir Singh founded this Bengaluru-based company in the year 2021. It offers features such as accounting and tax, compliance state, bookkeeping and more. The collaborative features and full stack software of the company together creates a cost effective back office for global businesses.
Anand Krishna – CEO and co-founder said, ”Just over a year into our journey, and despite us starting during the pandemic and a global recession, hundreds of US companies onboarded and are now happier with our human chat-based approach to handling their back-office headaches; our CPA teams are delighted with 10x new business volumes without a need to hire extra staff or put any effort into acquiring customers; and we’ve built a dominant position in one focused corridor with solid revenue growth. And yet the customer now gets to pay less than ever before. We’re delighted to partner with our first investors to prove we can do the same in other corridors now.”
Inkle claims that it has increased its revenue 7x in the last year while staying bootstrapped. Some of its clients are from leading technology companies like Zoko, Salesken, and DriveTrain.