Trullion, the Accounting Automation Startup, Secures $15 Million in Investment

Trullion, a startup that specializes in accounting automation, has raised a total of $33.5 million in funding to date, with a recent investment of $15 million from StepStone Group. Trullion was founded by Isaac Heller and Amir Boldo in 2020 and is a software company that connects corporate controllers, CFOs, and external auditors on a single platform.

One of the key features of Trullion’s platform is its ability to automate lease accounting, revenue recognition, audit automation, as well as customer relationship management & billing/contract data integration. These tools are essential for businesses that want to streamline their accounting processes and reduce human error.

Trullion’s software has proven to be especially useful during the pandemic. With businesses forced to go digital and remote, the software has provided an essential tool for companies looking to maintain their accounting processes without any disruptions.

This has resulted in Trullion experiencing significant growth in recent months. The company aims to expand its workforce from 50 people to over 80 by the end of 2021. Furthermore, the platform has more than 1,000 customers and 5,000 users, which is a testament to its effectiveness and popularity among businesses.

The rise of Trullion and other AI-powered accounting software firms is in line with Intuit’s recent findings that 48% of accountants plan to invest in these automation tools over the next 12 months. As businesses become more reliant on digital tools, it is clear that the demand for accounting automation software will continue to grow.

Trullion’s success is also indicative of the growing trend of fintech startups that are disrupting the traditional financial sector. The rise of fintech companies has been fueled by the increasing demand for digital solutions that are more efficient and cost-effective than traditional services.

With the funding raised, Trullion is well-positioned to continue to expand its services and make its platform even more valuable to businesses. The company’s leadership team has plans to use the funds to drive product innovation, expand its customer base, and attract top talent to grow its team even further.

In summary, Trullion’s recent fundraising success is a testament to the growing demand for accounting automation tools in the digital age. As more businesses continue to shift to digital solutions, the demand for software that streamlines accounting processes and reduces human error will continue to increase.

Trullion‘s platform provides an essential tool for businesses looking to maintain their accounting processes remotely and has already proven to be a popular choice among businesses. With continued investment and growth, Trullion is poised to become a leader in the accounting automation space.