Layer Financial Technologies Inc.
Layer Financial Technologies Inc. provides embedded accounting solutions for SMB platforms, offering a comprehensive suite of financial tools and services to enhance accounting capabilities and streamline financial management.
Services
Layer Financial Technologies Inc. offers a comprehensive suite of accounting solutions embedded within software platforms, specifically designed for small and medium-sized businesses (SMBs). These services include data integration, transaction categorization, financial reporting, and general ledger functionalities. They also provide white-labeled bookkeeping services and offer both white-glove onboarding from other accounting tools and ongoing monthly support. Their offerings also include an SMS service for easy transaction categorization via text messages and a full suite of brandable UI components for a customized user experience.
Products
Layer Financial Technologies Inc. provides a complete SMB accounting product that can be launched in weeks. This includes offering real-time profit and loss statements, balance sheets, and other key accounting reports. The platform combines data from customers' external financial accounts with the platform data to build a comprehensive picture of their accounting. It supports full accrual accounting, complex workflows, and pre-built integrations with top embedded fintech platforms. Furthermore, their product allows data to be passed directly to Layer's system via API for seamless integration.
Sector
Layer Financial Technologies Inc. operates in the financial technology (fintech) sector, focusing on providing embedded accounting solutions for small and medium-sized businesses. Their services aim to enhance the accounting capabilities of their SMB clients and integrate various financial data points into a unified financial home. They also cater to software companies looking to offer advanced accounting features to their SMB customers, thereby increasing engagement and driving revenue.
Funding
Layer Financial Technologies Inc. has successfully raised $2.3 million in funding, with BTV leading the investment round. This funding supports their mission to deliver advanced embedded accounting solutions and expand their service offerings to meet the needs of SMB platforms.
Location
Layer Financial Technologies Inc. is headquartered at 201 Spear St, Floor 3, San Francisco, CA 94105. This central location enables them to operate effectively within the bustling fintech hub of San Francisco, providing easy access to a range of financial and technological resources necessary for their operations.