# HubiFi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hubifi

- Industry: Software
- Headquarters: Columbus, US
- Website: www.hubifi.com
- Total disclosed funding: $2.5M
- Latest round: Seed (Jun 5, 2024)
- Investors on record: 4

## About

HubiFi Corp, based in the US, provides an online automated revenue recognition and order-to-cash accounting solution, designed to enhance financial operations for businesses with high transaction volumes.Founded in 2023 in Columbus, US, HubiFi Corp specializes in automating revenue accounting for high-transaction enterprises. The company has not undergone any significant pivots or changes in operations since its inception. HubiFi was co-founded by individuals with experience in financial technology. As of June 2024, HubiFi secured USD 2.5 mn in Seed funding from investors including Anthemis Group, Foxe Capital, Motivate Venture Capital, and Rev1 Ventures, resulting in a total amount raised of USD 2.5 mn and a current company valuation of USD 8.585 mn.HubiFi specializes in providing a comprehensive automated revenue recognition and order-to-cash accounting solution designed to streamline financial processes for high-transaction businesses. Its core offering is a purpose-built platform that automates the complexities of revenue accounting, ensuring compliance with ASC 606 and providing real-time visibility into financial performance. The platform integrates multiple data sources, including contract, billing, and payment systems, to generate accurate revenue reports and facilitate continuous reconciliations. HubiFi serves various industries with a focus on businesses requiring robust financial data management, including technology, e-commerce, and software as a service (SaaS) companies. The solution is designed for organizations in North America, Europe, and Asia, allowing them to efficiently manage their financial operations regardless of geographical boundaries.HubiFi operates on a flat fee pricing model, charging clients based on the complexity of their integrations and the number of systems involved in the order-to-cash cycle. The business primarily engages in B2B transactions, partnering with companies to implement its automated accounting solutions. Clients benefit from a streamlined setup process, typically completed within 1 to 6 weeks, which includes reconciling data from source systems and ensuring compliance with financial standards. Customers utilize HubiFi's platform for daily ASC 606 and revenue reporting, gaining insights into financial performance that drive strategic decision-making. The company's flagship offerings focus on automating revenue recognition from major payment platforms such as Stripe, allowing clients to efficiently manage their financial data with a high degree of accuracy.In June 2024, HubiFi secured USD 2.5 mn in Seed funding, which will be utilized to establish a foundational team focusing on product and engineering to enhance its talent base. The company is planning to launch new products tailored to further automate financial processes, with specific release dates to be announced. Additionally, HubiFi is looking to expand its market presence in Europe and Asia by the end of 2025, aiming to tap into new client segments within those regions.

## Funding rounds

- Seed, Jun 5, 2024, $2.5M — Anthemis, Rev1 Ventures, Motivate Venture Capital, Foxe Capital

## Investors

- Anthemis (https://capitalatlas.ai/funds/anthemis) — Seed
- Rev1 Ventures (https://capitalatlas.ai/funds/rev1-ventures) — Seed
- Motivate Venture Capital (https://capitalatlas.ai/funds/motivate-venture-capital) — Seed
- Foxe Capital (https://capitalatlas.ai/funds/foxe-capital) — Seed