# Fintastic Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fintastic-technologies

- Industry: Software
- Headquarters: Tel Aviv, Israel
- Website: www.fintastic.ai
- Total disclosed funding: $12M
- Latest round: Seed (Oct 6, 2022)
- Investors on record: 2

## About

Fintastic Technologies, Inc. delivers an AI-driven Financial Planning and Analysis platform, enhancing analytical processes and facilitating smart financial decision-making for businesses across various sectors.Founded in 2021 and headquartered in Tel Aviv, Israel, Fintastic Technologies, Inc. specializes in providing comprehensive financial planning solutions. The company was co-founded by Eric Shellef, Hamutal Russo, and Jonathan Einav, who also serves as CEO. It has successfully completed two deals, with the most recent deal occurring on October 6, 2022. Fintastic raised USD 12.00 mn in a Seed round led by Group 11 and participated by Benhamou Global Ventures, bringing its total funding to USD 12.00 mn.Fintastic offers an advanced, AI-driven Financial Planning and Analysis (FP&A) platform designed to optimize planning and analytical processes across various industries. The platform encompasses capabilities that facilitate smart analysis, planning, and collaboration, enabling users to compare and import actuals into forecasts, conduct multiple simulations, and leverage assisted analysis tools. Large-scale data processing and complex model building are supported through an intuitive modeling engine that ensures users can easily maintain and adapt their models. Fintastic serves a diverse clientele, including finance teams from companies like Artlist and Claroty, significantly enhancing their budgeting and analytical processes. The platform operates in various geographical markets, including North America and Europe, to address the needs of firms seeking efficient and real-time financial insights.Fintastic employs a subscription-based revenue model, engaging clients through structured partnerships. Businesses subscribe to access premium features such as advanced analytics and real-time data integration. While specific pricing details are not publicly disclosed, the platform's core services, including smart analysis, planning, and collaboration tools, are essential for organizations aiming to enhance their financial decision-making processes. This model encourages long-term relationships with clients, ensuring continuous support in their financial operations.In October 2022, Fintastic Technologies, Inc. raised USD 12.00 mn in Seed funding, with plans to utilize these funds for developing new product features that enhance their AI-driven platform. The company aims to expand into additional markets, particularly targeting clients in Asia and Latin America by the end of 2023. This strategic growth initiative will leverage the latest funding to improve product offerings and broaden their geographical footprint.

## Funding rounds

- Seed, Oct 6, 2022, $12M — BGV, Group 11
- Seed, Jan 1, 2021 — Group 11

## Investors

- Group 11 (https://capitalatlas.ai/funds/group-11) — Seed
- BGV (https://capitalatlas.ai/funds/bgv) — Seed