“Can FloQast become the operating system for corporate accounting departments by layering AI automation on top of the ERP-to-bank reconciliation workflow?”
Founded in 2013 by practicing CPAs, FloQast began as a close-management checklist tool layered on top of existing ERPs. Over time it expanded into a full Accounting Operations platform covering reconciliations, compliance, and AP integrations. The 2024 Series E at $1.6B marked its transition into an AI-first platform, with Anthropic and OpenAI embedded as generative AI subprocessors powering Transform AI Agents, while the Trovata-powered Bank Connector extended its reach into real-time bank data. FloQast has never issued financial products itself — its embedded finance posture is entirely that of a consumer of vendor infrastructure (Brex Treasury for corporate cash, Stripe and BILL integrations for its accounting customers' data).
Floqast connects to bank accounts through Trovata.
Floqast integrates with Xero, QuickBooks, NetSuite, Sage, SAP, Microsoft Dynamics, ADP, BambooHR and 8 others.
The Embedded Finance Index 2026 maps 4 layers in Floqast's stack: Open banking (Trovata); Accounting (Xero, QuickBooks, NetSuite, Sage and 12 others); Spend / AP (Brex); Treasury (Brex Treasury).
Floqast was founded by Mike Whitmire, Chris Sluty and Cullen Zandstra and is founded in 2013, headquartered in Los Angeles, California, USA.
Floqast has raised $~290M+ in total (latest round: Series E, April 2024; valuation: $1.6B post-money (2024)).
Get a read on where your own stack stands against Floqast and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.