🚀 Levers: Finance as a Service
Delegate financial operations to Levers so you can focus on the business
Taking care of finances is one of the unsexiest things a founder has to do in their nascency. Over time businesses have to hire large finance & accounting teams. This week’s startup is making it possible to delegate these operations. Let’s jump into Levers!
⚾ The Elevator Pitch
Running your own finances for a growing business is complicated: invoicing customers, paying bills and expenses, reconciling bank accounts and managing cash flow. Founders have too much on their plate to keep track of the business's financial statements. It’s one of the most tedious tasks for founders who need to focus on growth rather than financials.
Levers keeps finances in order so founders can focus on your business. The software generates all the financial statements and insights needed for the business, and keeps them accessible through the Levers dashboard. Their accountants review data for potential issues, such as possible tax questions or cash flow concerns, so founders don't have to.
👇 The Drop Down
Site: https://uselevers.com/
Founded: 2022
Stage: Seed
Traction: Backed by Y-Combinator, 8 integrations with common financial tools
Team - Finance Experts, Product Managers, & Software Engineers
Abdullah Alkharashi | Ammar Alkhouli | Motasim Zawawi
🔍 Why we like it
🔗 Integrations, not replacements
Too many companies try to build their legacy by replacing an existing solution. This ultimately increases their implementation time, and makes it a more difficult sell since the old implementation needs to be retired. The era of creating systems of record is over, and Levers is capitalizing on just being a smart layer within FP&A + accounting rather than trying to shake the whole thing.
🏦 Attack a huge problem
Financial organizations are among the largest cost-drivers for G&A staff. Today, it’s a manual, human process that takes hours even days to create financial statements and reports to answer request after request from investors & founders. Startups will be able to operate with the maturity of a public company with Levers backing their operations.
🤝 Get Involved with Levers
Check out their website
Check out their Y-Combinator page