ScaleFactor
OverviewSuggest Edit
ScaleFactor is a company developing finance software. It provides accounting, IT, financial analysis, HR, payroll advisory services. Its product automates bookkeeping tasks and interprets financial information, processes financial transactions and controls the budget, generating the necessary reports.
| Type | Private | |
| Founded | 2014 | |
| HQ | Austin, TX, US | Map |
| Website | scalefactor.com | |
| Employee Ratings | More | |
| Overall Culture | C | More |
Recent NewsAll News
- ScaleFactor Raised $100 Million In A Year Then Blamed Covid-19 For Its Demise. Employees Say It Had Much Bigger Problems.
- SaaS fintech ScaleFactor has secured $60 million to move towards becoming a one-stop shop for financial services
- ScaleFactor closes $60 million Series C funding round
- ScaleFactor rakes in $60 mln Series C
Latest Updates
| Employees (est.) (Dec 2019) | 207 | (-6%) |
| Cybersecurity rating | B | More |
Key People/Management at ScaleFactor
Rose Punkunus
Chief Financial Officer
Francis Sullivan
Chief Technical Officer
Scott Shepherd
Chief Legal Officer
Josh Lipton
VP of Product
ScaleFactor Office Locations
ScaleFactor has offices in Austin, Atlanta, Boston, Chicago and in 11 other locations
Austin, TX, US (HQ)
979 Springdale Rd #110
Atlanta, GA, US
3280 Peachtree Rd
Boston, MA, US
John Hancock Tower, 120 St James Ave
Chicago, IL, US
515 N State St
Cincinnati, OH, US
151 W. 4th St Box #62
Detroit, MI, US
1001 Woodward Ave
ScaleFactor Financials and Metrics
Summary Metrics
Founding Date | 2014 |
ScaleFactor total Funding | $103 m |
ScaleFactor latest funding size | $60 m |
Time since last funding | 2 years ago |
ScaleFactor investors | Canaan Partners, Bessemer Venture Partners, Coatue Management, Stripes Group, Citi Ventures, Right Side Capital Management, Techstars Ventures, Matchstick Ventures, Flyover Capital, Next Coast Ventures, Broadhaven Capital Partners, Firebrand Ventures, Vulcan, Edison Factory, Canaan Partner, Broadhaven Capital, Next Play Capital |
ScaleFactor's latest funding round in August 2019 was reported to be $60 m. In total, ScaleFactor has raised $103 m
ScaleFactor Cybersecurity Score
ScaleFactor Online and Social Media Presence
825 Twitter followers
ScaleFactor has 825 Twitter Followers. The number of followers has decreased 0.2% month over month and decreased 0.2% quarter over quarter
ScaleFactor's Trends
ScaleFactor Company Culture
Overall Culture
C
70/100
CEO Rating
B
75/100
Compensation
D
56/100
ScaleFactor News and Updates
July 20, 2020
ScaleFactor Raised $100 Million In A Year Then Blamed Covid-19 For Its Demise. Employees Say It Had Much Bigger Problems.
Kurt Rathmann told his big-name investors he had developed groundbreaking AI to do the books for small businesses. In reality, humans did most of the work.
August 12, 2019
SaaS fintech ScaleFactor has secured $60 million to move towards becoming a one-stop shop for financial services
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers.
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US-based Software-as-a-Service (SaaS) fintech ScaleFactor has raised a $60 million Series C funding round le…
August 09, 2019
ScaleFactor closes $60 million Series C funding round
ScaleFactor, the intelligent finance and automated accounting platform, today announced that it rais...
August 08, 2019
ScaleFactor rakes in $60 mln Series C
Austin, Texas-based ScaleFactor, an intelligent finance and automated accounting platform, has raised $60 million in Series C funding. Coatue led the round with participation from other investors that included Bessemer Venture Partners, Canaan, Broadhaven Ventures, Firebrand Ventures, Vulcan, Stripe…
August 08, 2019
ScaleFactor Raised $100 Million In A Year As VCs Chase Small Business Focused Fintechs
ScaleFactor, the operator of a digital accounting platform geared toward SMBs raised $60 million, bringing its total raised to $100 million in about a year.
January 17, 2019
ScaleFactor Raises $30 Million to Expand Robot Bookkeeper Service, Eyes Loan Market
The startup uses A.I. to reduce the pain of paperwork.
ScaleFactor Blogs
June 24, 2020
ScaleFactor Announces Suspension of Operations
AUSTIN, Texas–(BUSINESS WIRE)–ScaleFactor, the accounting and finance platform for small business, today announced it is…
June 23, 2020
A Message from Founder and CEO Kurt Rathmann
Earlier today, ScaleFactor CEO & Founder Kurt Rathmann met with the full ScaleFactor team to…
June 09, 2020
What Does a Bookkeeper Do? An Introduction for Business Owners Looking to Hire
Working with small business owners, we hear all the time that one of the biggest…
June 05, 2020
Ben Greenzweig of Momentum Events on Pivoting During a Pandemic
Ben Greenzweig is a leading events, consulting, and business development professional whose experience includes almost…
May 21, 2020
9 Reasons Small Business Owners Should Stop Using Microsoft Excel for Bookkeeping
Starting a small business can be a thrilling adventure. New business owners are often excited…
May 20, 2020
How to Plan for Reopening Your Storefront Based on Your Finances
The question of when businesses should reopen in the wake of the COVID-19 crisis is,…
ScaleFactor Frequently Asked Questions
When was ScaleFactor founded?
ScaleFactor was founded in 2014.
Who are ScaleFactor key executives?
ScaleFactor's key executives are Rose Punkunus, Francis Sullivan and Scott Shepherd.
How many employees does ScaleFactor have?
ScaleFactor has 207 employees.
Who are ScaleFactor competitors?
Competitors of ScaleFactor include Xero, Intuit QuickBooks and FreshBooks.
Where is ScaleFactor headquarters?
ScaleFactor headquarters is located at 979 Springdale Rd #110, Austin.
Where are ScaleFactor offices?
ScaleFactor has offices in Austin, Atlanta, Boston, Chicago and in 11 other locations.
How many offices does ScaleFactor have?
ScaleFactor has 15 offices.
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