LeaseCrunch
“Can lease accounting become the wedge for a broader CPA-firm data-extraction and financial intelligence platform?”
FoundersTimothy Kohler
IndustryVertical SaaS / Accounting
The story
LeaseCrunch was founded by former Big Four auditors and a former FASB staffer to automate ASC 842 / GASB 87 / IFRS 16 lease accounting for CPA firms. In 2024 it merged with Finagraph, whose Strongbox product pulled data directly from client ERPs and accounting systems. The combined company rebranded as Crunchafi in 2025, positioning itself as a broader 'Accounting & Financial Intelligence' suite for CPA firms — lease accounting + financial data extraction — while retiring Finagraph's older CashFlowTool product line.
Product timeline
2022
Launched LeaseCrunch Verify; named a Top New Product of 2022 by Accounting Today· product
2024
LeaseCrunch merged with Finagraph (real-time financial data collection / ERP integration)· acquisition
2025
Combined entity rebranded as Crunchafi; suite includes Lease Accounting and Data Extraction (Strongbox)· pivot
2025
Announced retirement of CashFlowTool Lite and Pro (legacy Finagraph product) on Nov 21, 2025· product
2025
Lease Accounting product extended to support FRS 102 Section 20 for UK chartered accountancy firms· product
Acquisitions
The stack
2 layers disclosed in LeaseCrunch’s embedded-finance stack
Payments / PSP
Accounting
in the full report
Accounting gap: minor
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.