FinQuery Raises $25M for Product Innovation and M&A Expansion
FinQuery Receives $25M Investment
FinQuery's Minority Investment
Key Highlights:
- Investment: FinQuery, formerly known as LeaseQuery, received a $25 million minority investment.
- Investors: Periphas Capital led the round, with participation from Lavelle Capital.
- Product Innovation: The funds will be used to accelerate product innovation and support strategic mergers and acquisitions.
FinQuery's Target Market
- Target Market: Companies of all sizes, including public companies, universities, and government entities.
- Finance and Accounting Departments: Finance and accounting teams looking for AI-powered solutions to manage their largest areas of spend, including leases, software, subscriptions, and financial contracts.
- Streamlining Accounting Tasks: Organizations seeking to simplify accounting tasks such as lease accounting, SBITA reporting, and accruals.
What FinQuery Needs to Buy
- Technology and AI Expertise: Collaborating with technology and AI experts to enhance their AI-driven SaaS platform.
- Strategic Acquisition Targets: Identifying and acquiring companies that complement FinQuery's product offerings and expand their market reach.
- Marketing and Sales Support: Engaging with marketing and sales service providers to promote their solutions and reach potential customers.