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Futrli the integrated forecasting & reporting platform raises big

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by Startacus Admin

Futrli
Futrli
, a fast-growing cloud-based, integrated forecasting & business reporting platform, announces a successful £4m Series A funding raise from leading venture capital firms e.ventures, Notion Capital and firstminute Capital to fuel aggressive growth and innovation.

Founded in 2014, the previously bootstrapped Futrli, supports over 40,000 businesses and 1,000 accountants in 130 countries through their 100% cloud-based platform Futrlithat helps small businesses make decisions and take actions that lead to success. Through a powerful suite of reporting, budgeting, cash flow forecasting and predictive modelling tools, SMEs can plan for the future, get a grip on cash flow and see how their business is performing in real time. For accountants working with SMEs, Futrli’s CPD-accredited Advisory Certification course helps them achieve their advisory potential. 

With no external funding to date, the SaaS & fintech startup Futrli already supports over 40,000 businesses and 1,100 accountants in 130 countries and is on a quest to move the needle on the small business economy, which spans over 130 million small businesses globally.  The four-year-old business led by leading female entrepreneur in the SaaS space, Hannah Dawson uses artificial intelligence and machine learning to produce actionable insights that drastically improve decision making and success rates in small businesses.

Futrli was born from my own typical experience as a small business owner. I needed a way to run my business that looked to the future, as making decisions is hard and full of risk when you haven’t got all of the information in one place,” says Hannah Dawson, Futrli’s CEO and Founder.

Futrli“At Futrli our sole purpose is to change how small businesses’ teams make decisions so they get it right. This investment will be used to drive further innovation within the platform to continue to revolutionise how small business teams work. We are also expanding our team in our core markets and will be opening in new locations within the next few months, which is hugely exciting,” continued Dawson.

Jos White, General Partner at Notion said: “We’re very excited about Futrli’s vision. They have already built a fantastic bootstrapped business led by the dynamic Hannah Dawson, and we are very eager to see where the business can go with this injection of funding.

Christian Miele, Partner at e.ventures added: “Hannah Dawson and her team tapped into a niche that will change the direction of decision making forever. Most accounting software today dwells into historic data points whereas Futrli unlocks the power of the future to help SMEs make better decisions.”

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Published on: 23rd October 2018

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