DualEntry

DualEntry

AI-native ERP automating mid-size finance operations

Overview

I provide an AI-powered ERP platform for mid-sized companies to manage finance and accounting. It is a cloud-based SaaS that automates reconciliations, reporting, compliance, and multi-entity accounting, with real-time dashboards and anomaly detection, and it can migrate data in 24 hours without external consultants. It differs from traditional ERPs by offering rapid deployment and multi-entity support for firms that have outgrown lightweight tools, avoiding slow, heavy legacy systems. Its goal is to help mid-sized businesses run their finance and accounting more smoothly and gain clear, real-time financial insights through an adaptable upgrade path.

Significant Headcount Growth

About DualEntry

Simplify's Rating
Why DualEntry is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

AI & Machine Learning

Financial Services

Company Size

51-200

Company Stage

Series A

Total Funding

$96M

Headquarters

New York City, New York

Founded

2024

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Simplify's Take

What believers are saying

  • Reuters said DualEntry processed $100 billion in journal entries and signed thousands of users.
  • The company raised $90 million on October 2, 2025, extending runway and hiring.
  • Its partnership hiring on September 16, 2026 signals ecosystem expansion across PE and VC channels.

What critics are saying

  • Mercury Books launched September 16, 2026, bundling AI accounting directly into banking.
  • Oracle NetSuite, Sage, and Acumatica still own enterprise ERP budgets and switching inertia.
  • DualEntry must convert 70-job growth into revenue before incumbents copy its 24-hour migration.

What makes DualEntry unique

  • DualEntry launched October 2, 2025 with $90 million from Lightspeed and Khosla.
  • Its NextDay Migration promises full historical data transfer within 24 hours, no consultants.
  • It targets mid-market firms outgrowing QuickBooks with AI-native multi-entity accounting and anomaly detection.

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Funding

Total Funding

$96M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
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
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$30M
Kalshi
$90M
DualEntry

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Vacation

Paid Holidays

Commuter Benefits

Remote Work Options

Company Equity

Relocation Assistance

Home Office Stipend

Phone/Internet Stipend

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

↑ 26%

1 year growth

↑ 26%

2 year growth

↓ -30%
GlobeNewswire
Sep 15th, 2026
Payhawk transforms how finance teams work with new agentic Playbooks.

Payhawk transforms how finance teams work with new agentic Playbooks. The Fall '26 Edition further enhances Payhawk's AI Office of the CFO and introduces Playbooks: ready-made procedures that handle recurring finance tasks inside Claude and ChatGPT, reducing manual work for finance teams. Customers can also access all Payhawk data from their preferred AI platform using an MCP, and use the new Implementation Agent to go live in just a few hours. September 15, 2026 03:58 ET | Source: Payhawk LONDON, Sept. 15, 2026 (GLOBE NEWSWIRE) - Payhawk, the AI-native spend management platform, today released its Fall '26 Edition, Prompt your finance, which enables finance teams to run their recurring work through Claude, ChatGPT or whichever AI assistant they already use. The edition also adds an Implementation Agent to Payhawk's AI Office of the CFO suite that configures Payhawk for new customers in hours, while continuing to enhance controls and processes for maximum efficiency and savings after go-live. "The Implementation Agent acts as your private financial consultant, and early customers have gone live in under an hour. We're starting with onboarding and..." "The enhancements between Payhawk and Claude proved to be highly effective in our operational setup. It saves significant time, provides dynamic reporting,..." "Speaking to hundreds of CFOs this year, I realised that while enterprise software companies are racing to deliver MCP integrations focused on reading and..." "The Implementation Agent acts as your private financial consultant, and early customers have gone live in under an hour. We're starting with onboarding and..." Playbooks work inside the AI assistants finance teams already use, such as Claude or ChatGPT, and act on live Payhawk data through the Payhawk MCP, a secure connection that applies each user's permissions. The Playbooks are ready-made procedures that execute a finance job from start to finish. Each one covers a specific job for a specific role and knows what to check, what to ignore, and what a good result looks like. The library spans tasks such as closing the books, chasing receipts, controlling budgets, calculating cash on hand across entities, cleaning up suppliers, preparing for an audit, and getting ready for a supplier renewal. Teams can add their own. "The enhancements between Payhawk and Claude proved to be highly effective in our operational setup. It saves significant time, provides dynamic reporting, and simplifies data access. The AI-driven capabilities have become an important part of our day to day productivity," said Daniel Raffl, Cost Manager at TechnoAlpin. "Speaking to hundreds of CFOs this year, I realised that while enterprise software companies are racing to deliver MCP integrations focused on reading and reporting data, they are missing the real opportunity: building AI that acts, not just reads. Finance teams need more than another reporting layer. They expect AI to do real work for them by running end to end processes. That is why we took things to the extreme and built Payhawk to act and perform common tasks every finance team executes each month, saving them time and money," said Hristo Borisov, Co-founder & CEO of Payhawk. As part of this release, Payhawk is also introducing its new Implementation Agent, which helps finance teams implement the system in hours rather than days. The agent establishes a new benchmark for SaaS implementation by connecting customers' preferred ERP and HR systems, importing their data, and configuring workflows, policies, and processes to meet their specific needs. It also leverages insights shared with Payhawk's pre-sales team to understand each customer's objectives from day one. The Implementation Agent will support all major Payhawk integrations, including Oracle NetSuite, Microsoft Dynamics, Sage, Xero, DATEV, and QuickBooks, as well as recently announced integrations with SAP, Pennylane, Rillet, Campfire, and DualEntry. "The Implementation Agent acts as your private financial consultant, and early customers have gone live in under an hour. We're starting with onboarding and implementation, but the longer-term opportunity is continuous improvement. By learning from how customers use the system, the agent will optimise their setup over time and proactively recommend changes that make finance operations even more efficient," said Martin Reindl, General Manager & SVP Customer Success at Payhawk. The Fall '26 Edition is now live for Payhawk customers. Playbooks are available through the Payhawk MCP and in the Payhawk portal. Payhawk will demonstrate the edition in a live webinar on 29 September. Details and registration: https://payhawk.com/editions/fall-2026. About Payhawk Payhawk is an AI-native spend management platform that orchestrates global money across Bills, Cards, Expenses, Travel, and Procurement for maximum control, automation and savings. It provides a global money account on top of your ERP combined with agents enforcing rules, policies, and budgets on every payment while giving employees an effortless spending experience. Headquartered in London with offices across Europe and the US, Payhawk helps companies grow faster in 33+ countries. Media Contact

Contrary
Sep 12th, 2026
Investing in DualEntry | Contrary

Announcing our investment in DualEntry

Contrary
Oct 3rd, 2025
Report: DualEntry Business Breakdown & Founding Story | Contrary Research

A report from Contrary Research. Discover DualEntry's founding story, product, business model, and an in-depth analysis of the business.

Tech in Asia
Oct 3rd, 2025
Lightspeed leads $90m series A in US AI startup DualEntry

DualEntry, an AI-native ERP startup, has raised US$90 million in a series A round led by Lightspeed and Khosla Ventures, with backing from GV, Contrary, and Vesey Ventures.

Reuters
Oct 2nd, 2025
AI startup DualEntry raises $90 million to deepen ERP market push

Artificial intelligence (AI) startup DualEntry has raised $90 million in a Series A round led by Lightspeed Venture Partners and Khosla Ventures to take on established enterprise resource planning (ERP) software providers, the company said.

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