$9M Raised to Help Accounting Teams Automate Payment Reconciliations

Nov 2, 2023

Tal Kirschenbaum, CEO of Ledge, discusses how the automated finance operations platform helps with payment reconciliation. He explores the challenges of manual processes and the benefits of automation. Tal also talks about Ledge's founding and fundraising, as well as their future plans for product expansion.

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Introduction

00:00 • 2min

Automated Finance Operations Platform: Helping Finance Teams with Reconciliation and Payment Management

01:50 • 3min

Ideal Customer Profile and Importance of Automating Payment Reconciliation

05:09 • 5min

Founding and Fundraising

09:54 • 11min

Future plans and product expansion

20:47 • 3min

Welcome to The SaaS CFO Podcast, where we delve into the world of finance and accounting in the software-as-a-service industry. In today's episode, we have a special guest, Tal Kirschenbaum, the co-founder and CEO of Ledge, a leading automated finance operations platform.

Tal shares his extensive background in finance, venture capital, and payments, which ultimately led him to found Ledge. He explains how Ledge helps finance teams with their day-to-day tasks, particularly in payment reconciliation and treasury management. Tal also reveals how Ledge addresses the pain points that arise from managing high volumes of payments and the significant losses that can occur when these processes are not properly automated.

Join us as we explore how Ledge is revolutionizing back-office finance for mid-market and enterprise tech companies across various industries. Stay tuned for an insightful conversation with Tal Kirschenbaum on today's episode of The SaaS CFO Podcast

Show Notes

[00:00:21] Finance and business background, venture capital, consulting, M&A, fintech. Founded Ledge a year ago.

[00:03:15] Developed own solution to handle payments. Ledge helps companies with finance issues.

[00:07:23] Reconciliation is unsexy, time-consuming, and costly.

[00:12:57] Outbound sales, partnerships, and inbound channels summary.

[00:16:06] Vision, plan, investors - crucial for success.

[00:18:43] Access and familiarity aided successful fundraising process.

[00:22:07] Exploring opportunities to expand product in finance.

Links:

SaaS Fundraising Stories: https://www.thesaasnews.com/news/ledge-raises-9-million-in-seed-round
Tal Kirschenbaum’s LinkedIn: https://www.linkedin.com/in/tal-k/
Ledge’s LinkedIn: https://www.linkedin.com/company/ledge-finance/
Ledge’s Website: https://www.ledge.co/

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