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Leapfin
Financial Data Management solution
- 21-100 employees
- Fintech
- B2B
- Data storage
- Enterprise
- Compliance
- Analytics
- SaaS
- Yerba Buena, San Francisco, CA
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Company mission
To liberate financial information to empower businesses to make and trust their decisions.
27% employee growth in 12 months
Our take
Corporate finance tooling has gone through two major changes over the last couple of decades. Firstly, much greater focus has been placed on “cost of goods sold” especially in growth technology companies. Secondly, finance teams across all types of businesses are getting used to relying on SaaS products to streamline their workflows.
It is in this context that Leapfin has built their technology - an always-on, multi-integration piece of software. Leapfin helps their customers go from “one-in-thirty” visibility into their operations; that business owners only manage to fully collate their revenue and cost of revenue results monthly, to having a single source of truth for ongoing business results.
The startup purposefully decided to raise less capital than its peers, considering parting with equity an expensive way to fuel its growth. It will be interesting to see whether this was an apt choice given turbulent market conditions. However, Leapfin’s leadership are confident in their own profitability and will chart a steady course where similar, but unfocused SaaS businesses have burned out.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Fully Remote
- Competitive Salary & Equity Compensation
- Medical, Dental, and Vision Insurance
- Unlimited PTO
- Quarterly Offsites
Company values
- Transparency | Being honest and open about our plans, successes, and failures builds trust and fosters learning. Open information improves our chances of success
- Mentorship | We invest in one another and realize that each other’s success is our own success. We all have something to learn from each other
- Action | When there’s a problem, we take decisive action and learn from the outcome. We minimize bureaucratic processes to enable growth
- Autonomy | People work best when they’re empowered and trusted to operate independently. We don’t micromanage; we hold ourselves accountable
- Respect | Disagreements happen, but we all want the same outcome. Debate leads us down more effective paths when it’s “you and me versus the problem
Funding (last 2 of 5 rounds)
May 2023
$5.2m
EARLY VC
Jul 2022
$12.2m
SERIES A
Total funding: $25.9m
This company has top investors
Leadership
Erik Yao
(CTO)Prior to Leapfin, Erik co-founded TutorOut - a tutoring platform for Chinese students at top US universities. Also co-founded PlayHaven, a cross-promotional advertising and marketing network for mobile games that was acquired. Graduated from Cornell University.
Raymond Lau
(CEO)Business Operations Director for Zynga. Also co-founded PlayHaven, the mobile industry's leading advertising network which was then acquired. Graduated from Cornell before starting their career at IBM for 5 years in both engineering and consulting roles.