Floqast
“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).