Investment from Periphas Capital and Lavelle Capital supports FinQuery’s mission to make life easier by simplifying complex workflows with technology
ATLANTA, April 24, 2024 (Globe Newswire) — FinQuery, formerly LeaseQuery, a leading provider of AI-powered solutions built to efficiently manage enterprises' biggest spend areas, announced a $25 million minority investment led by Periphas Capital and supported by Lavelle Capital. announced. The funding will accelerate product innovation and support strategic M&A.
FinQuery's AI-driven SaaS platform unifies finance, accounting, and IT by managing the largest areas of contract spend, including leases, software, subscriptions, and other financial contracts, and allows you to manage spend, software usage, and cash flow. Provides insight into forecasts, updates, and enables informed decision-making. – Create and simplify accounting tasks such as lease accounting, SBITA reporting, and accrual calculations.
“We are excited to have Periphas Capital and Lavelle Capital join FinQuery as investors,” said George Azih, CEO and Founder. “Their enthusiasm for our mission is clear, and with their support, we expect to accelerate our growth both organically and through strategic acquisitions. We are proud of the 300% increase and are excited to offer even more services as we expand.”
“The FinQuery team led by George Azih has built an industry-leading SaaS solution for managing and reporting leases, software and other contracts,” said Sanjeev Mehra, Managing Partner at Periphas Capital. Masu. “FinQuery is poised to continue its rapid growth by leveraging AI, delivering cutting-edge product features, and pursuing strategic M&A. With our investment, we are poised to continue our rapid growth in the growing market for CFO software. We are excited to accelerate his adoption of FinQuery.”
“We are excited to invest in FinQuery and support George and his team,” said Sanjeev Rao, Managing Partner at Lavelle Capital. “We believe FinQuery will simplify and automate his CFO's office's workflow and set new standards for innovation and customer satisfaction.” Our investment goes beyond capital and leverages our strategic network, We are committed to facilitating their growth by leveraging our expertise. ”
Founded in 2011 as LeaseQuery, FinQuery's core goal was to simplify complex accounting and compliance tasks arising from ASC 842, IFRS 16, GASB 87, and GASB 96. Through innovation and an unwavering commitment to customer satisfaction, FinQuery has evolved into the world's leading lease accounting. We are a software provider serving more than 8,000 clients, including more than 600 publicly traded companies, universities, and government agencies. FinQuery, which he has made three acquisitions to date, including Stackshine, a Y-Combinator-backed SaaS spend management platform, continues to expand its services beyond lease accounting.
Learn more about FinQuery here. https://finquery.com/.
About FinQuery
FinQuery (formerly LeaseQuery) differentiates us in the market by enabling more than 36,000 professionals to optimize decisions in key spend areas such as leasing, software subscriptions, and financial contracts. Our award-winning AI-powered software minimizes risk, increases efficiency and reduces costs.
Explore FinQuery's platform for contract and spend intelligence, including solutions for contract management and specialized accounting to ensure compliance. ASC842, IFRS No. 16, gasb87and gasb96and software management. For more information, visit FinQuery.com.
About Perifas Capital
Periphas Capital focuses on growth and acquisition investments in technology-enabled companies across business services, consumer, and niche industry sectors. Periphas principals have over 30 years of private equity investment experience with Periphas and previous companies, including Great Plains Software and SunGard, and Periphas with software and technology-enabled services such as ShipMonk and OPENLANE. I have been leading the investment. See below for more information. www.periphascapital.com.
About Label Capital
Headquartered in San Francisco, LaBelle Capital is a private investment firm established to advise select high-net-worth investors and family offices. Lavelle Capital is a trusted advisor and thought partner that fosters meaningful strategic relationships across investment opportunities, family governance, and global impact. Lavelle Capital focuses on growth stocks and venture capital, and in the past he has invested in software companies such as Bloomreach, Darwinbox, ProcessMaker, and ThousandEyes (acquired by Cisco). See below for more information. www.labellecapital.com.
CONTACT: Kendall Kosek Alloy on behalf of FinQuery, formerly LeaseQuery 855-300-8209 leasequery@alloycrew.com
