Overview

DebtBook provides a platform designed for managing debt, leases, and subscriptions, primarily aimed at treasurers, accountants, and finance professionals in public sector organizations. The platform operates on a subscription model and offers features that automate tasks, enhance accuracy, and facilitate collaboration, allowing finance professionals to move away from traditional spreadsheets. A significant aspect of DebtBook is its compliance tools, which help users adhere to Governmental Accounting Standards Board (GASB) regulations, particularly GASB 96, ensuring that they meet necessary requirements without added complexity. Additionally, the platform includes reporting capabilities that allow users to create detailed reports and charts quickly, improving transparency and aiding in decision-making. Overall, DebtBook's goal is to simplify the debt management process, improve efficiency, and provide peace of mind through compliance and insightful reporting.

Simplify's Take

What believers are saying

• Partnership with MBIS enhances Sizing feature, improving debt structuring capabilities.
• Recognition as 'Great Tech Place to Work' attracts top talent and improves retention.
• Focus on GASB compliance aligns with increasing regulatory scrutiny, boosting service demand.

What critics are saying

• Increased competition from fintech startups could erode DebtBook's market share.
• Economic downturns may reduce government spending on software solutions like DebtBook's.
• Rapid technological advancements require continuous updates, potentially straining resources.

What makes DebtBook unique

• DebtBook offers compliance tools simplifying GASB regulations, particularly GASB 96.
• The Sizing feature allows in-house debt structuring, reducing reliance on external advisors.
• DebtBook's platform integrates cash management with bank connectivity via Koxa's Treasury Gateway.

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Funding

Total Funding

$23.1M

Above

Industry Average

Funded Over

2 Rounds

$12,500,000

Series A

Jul 2023

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Below Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$12.5M

$15M

$100M

View all funding stages