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Formations Raises $8 Million Series A To Expand Its Cfo-As-A-Service Platform For Self-Employed Professionals

Formations Raises $8 Million Series A To Expand Its Cfo-As-A-Service Platform For Self-Employed Professionals

04/13/22, 7:00 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgbellevue
Money raised
$8 million
Industry
financial services
software
Round Type
series a
Formations, a financial management solution that maximizes the financial wellbeing of the self-employed, today announced the completion of an $8 million Series A funding round led by Arthur Ventures. The investment comes on the heels of YoY growth of 500%. It will help Formations further develop its solution and advance its aim of democratizing access to financial tools and strategies for the self employed, the largest and most under-served workforce, and offer services previously available only to those with access to heavy financial backing.

Company Info

Company
Formations
Location
bellevue, washington, united states
Additional Info
Formations is a Bellevue-based startup with a comprehensive financial management platform designed to enhance the financial well-being of the self-employed. Formulated over 17 years by tax accountants, their vertical-specific playbook automates bookkeeping, payroll, taxes, and benefit allocations, democratizing tax and accounting strategies to help solo entrepreneurs sustain their businesses for the long term. Please visit Formations for further info.