FinQuery, formerly LeaseQuery, Announces $25 Million Investment to Accelerate Product Innovation and Growth [Yahoo! Finance]
KAR Auction Services, Inc (KAR)
Last kar auction services, inc earnings: 2/18 05:00 pm
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Source: Yahoo! Finance
Atlanta, April 24, 2024 (GLOBE NEWSWIRE) -- FinQuery , formerly LeaseQuery, a leading provider of AI-powered solutions built to efficiently manage companies' largest areas of spend, announced a $25 million minority investment led by Periphas Capital and supported by Lavelle Capital. The funding will accelerate product innovation and support strategic M&A. FinQuery's AI-driven SaaS platform unifies finance, accounting, and IT by managing their largest areas of contracted spend including leases, software, subscriptions, and other financial contracts delivering insights into spending, software usage, cash flow forecasts, and renewals, empowering informed decision-making and simplifying accounting tasks like lease accounting, SBITA reporting and accruals. “We're thrilled to have Periphas Capital and Lavelle Capital join FinQuery as investors,” said George Azih, CEO and Founder. “Their enthusiasm for our mission is evident, and with their support, we anticipate an acceleration in our
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