Rillet Nabs $13.5M to Innovate AI-Driven Accounting

Spanish-US fintech Rillet has just secured $13.5 million in funding to advance its AI-powered accounting platform. This investment aims to transform the way high-growth companies manage their finances by automating and simplifying their accounting processes.

• Noteworthy Investors: The funding round, led by Creandum and First Round Capital, includes investors like Chad Byers, Kevin Hartz, and other industry experts.

• Automating High-Growth Accounting: Rillet’s ERP integrates with payment processors and CRM tools to automate complex revenue management tasks.

• AI-Driven Efficiency: Rillet uses AI to handle invoicing, book closing, and reporting, freeing finance teams from manual reconciliations.

• Streamlined Global Operations: Rillet’s platform automates across entities, currencies, and geographies, simplifying global scaling.

• Future Prospects: With this new funding, Rillet plans to expand its team and extend its reach into new verticals, from e-commerce to fintech, further solidifying its position in the accounting tech landscape.

Rillet is set to reshape the future of accounting, making it more efficient and accessible for high-growth companies worldwide.