"Tech Finance" with Sasha Orloff: B2B Fintech | AI | Finance Tech E48: Why Sequoia Invested $25M in Accounting Software with Rillet CEO Nicolas Kopp
Jul 9, 2025
Nicolas Kopp, CEO & Founder of Rillet, is on a mission to reshape accounting with AI. They chat about Rillet's impressive $25 million funding from Sequoia and how their innovative software is revolutionizing financial management for mid-market companies. He discusses the necessity of clean data and the role of AI in streamlining processes, enhancing efficiency, and supporting lean finance teams. Real-world success stories illustrate how Rillet empowers businesses to make faster, more accurate financial decisions.
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Owning the GL Drives Innovation
- NetSuite and similar systems lose data granularity due to aggregation and exports.
- Owning the GL data syntax allows faster feature development and better data control.
AI Amplifies Clean Data Value
- Pre-AI era focus: clean, integrated accounting data boosts CFO capabilities tenfold.
- AI amplifies this, making data cleanliness even more impactful for automation and insights.
Lean Teams With Rillet ERP
- Windsurf, a fast-growing company, manages massive ARR growth with just two people using Rillet.
- The software auto-reconciles hundreds of thousands of transactions, drastically reducing headcount needs.