U.S. Fintech Pilot Will increase Sequence C Funding Spherical’s Funds to $100 Million

Pilot, a U.S.-based fintech that makes a speciality of again workplace providers for startups and small companies, introduced on Friday it raised a complete of $100 million by means of its Sequence C funding spherical, doubling its valuation to $1.2 billion. The spherical was notably led by Bezos Expedition and Whale Rock Capital, with participation from Sequoia Capital and Index Ventures.

Launched in 2017, Pilot powers the monetary again workplace for startups and small companies. The corporate focuses on bookkeeping, tax preparation, and CFO providers and are centered on delivering a buyer expertise of unparalleled high quality.

“Pilot integrates instantly with the billing, banking, expense and payroll programs clients already use. With a particular mix of customized software program and knowledgeable bookkeepers, Pilot delivers correct, constant bookkeeping that offers entrepreneurs the liberty to deal with their enterprise, in addition to an array of further monetary providers.”

 Pilot revealed that it has greater than 1,000 clients and has raised over $150 million up to now. The corporate additionally famous that in 2020 it accomplished greater than $three billion in bookkeeping transactions for its clients, which vary from pre-revenue startups to established corporations producing greater than $30 million of income a yr. It has additionally established co-marketing partnerships with different business leaders together with American Categorical, Invoice.com, Brex, Carta, Gusto, Rippling, Stripe, SVB, and Techstars.

Pilot went on so as to add that the funding spherical’s funds might be used to allow the corporate to additional broaden its again workplace providers.