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