Aleph, a US Fintech Start-up, Raises $16.7M in Funding

New York-based fintech start-up Aleph has secured $16.7 million in funding. The company has been developing a financial planning and analysis platform.

Investment Led by Bain Capital Ventures

The investment round was spearheaded by Bain Capital Ventures. Other participants included existing supporters Khosla Ventures, Picus Capital, and Y Combinator. Angel investors and current customers also contributed to the funding round.

A Comprehensive Financial Planning Tool

Aleph, established in 2020 by CEO Albert Gozzi, provides a financial planning and analysis platform that enables businesses to manage and derive insights from their data in real time. The platform integrates various data sources under a single platform within minutes. It is equipped with an AI-powered dashboard and a web app which facilitates collaboration and planning.

User-Friendly Platform Attracting Early Customers

Aleph boasts a quick onboarding process, claiming it takes less than an hour. The platform’s intuitive interface requires minimal training. This user-friendliness has attracted early customers, including Notion, Zapier, Envoy, and Turo.

CEO Albert Gozzi stated that the aim is to offer finance professionals the best of both worlds: the familiarity of Excel coupled with a powerful and scalable web app.

Future Plans for the Funding

Aleph plans to use the new funding to further develop its data platform, enhance its use of AI for accurate and swift financial reporting, and introduce new collaboration features for non-finance teams.