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.

TypePrivate
Founded2014
HQAustin, TX, US
Websitescalefactor.com
Employee Ratings3.6

Latest Updates

Employees (est.) (Dec 2019)207(-6%)
Cybersecurity ratingBMore

Key People/Management at ScaleFactor

Rose Punkunus

Rose Punkunus

Chief Financial Officer
Kurt Rathmann

Kurt Rathmann

CEO & Founder
Francis Sullivan

Francis Sullivan

Chief Technical Officer
Scott Shepherd

Scott Shepherd

Chief Legal Officer
Josh Lipton

Josh Lipton

VP of Product
Show more

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
Show all (15)

ScaleFactor Financials and Metrics

Summary Metrics

Founding Date

2014

ScaleFactor total Funding

$103 m

ScaleFactor latest funding size

$60 m

Time since last funding

a year ago

ScaleFactor investors

ScaleFactor's latest funding round in August 2019 was reported to be $60 m. In total, ScaleFactor has raised $103 m
Show all financial metrics

ScaleFactor Operating Metrics

Apr, 2019

Partners

51
Show all operating metrics

ScaleFactor Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

SecurityScorecard logo

ScaleFactor Online and Social Media Presence

Embed Graph

ScaleFactor News and Updates

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.

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. To receive the full story plus other insights each morning, click here. US-based Software-as-a-Service (SaaS) fintech ScaleFactor has raised a $60 million Series C funding round le…

ScaleFactor closes $60 million Series C funding round

ScaleFactor, the intelligent finance and automated accounting platform, today announced that it rais...

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…

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.

ScaleFactor Raises $30 Million to Expand Robot Bookkeeper Service, Eyes Loan Market

The startup uses A.I. to reduce the pain of paperwork.
Show more

ScaleFactor Blogs

ScaleFactor Announces Suspension of Operations

AUSTIN, Texas–(BUSINESS WIRE)–ScaleFactor, the accounting and finance platform for small business, today announced it is…

A Message from Founder and CEO Kurt Rathmann

Earlier today, ScaleFactor CEO & Founder Kurt Rathmann met with the full ScaleFactor team to…

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…

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…

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…

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,…
Show more

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, Kurt Rathmann and Francis Sullivan.

  • 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.