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Layer Financial Technologies
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Embedded accounting API for SMB software
Layer Financial Technologies
Work Here?
Embedded accounting API for SMB software
Overview
Layer Financial Technologies provides an embedded accounting platform for the SMB software stack. Its core offering is an API plus pre-built UI components that software platforms can integrate to deliver automated bookkeeping and tax-ready financial reporting within their own products. The system transfers financial data from partner platforms to Layerfi’s accounting engine, where AI-powered bookkeeping categorizes and records transactions and produces monthly reconciled reports. Layerfi differentiates itself by offering white-labeled, embeddable accounting for SMB-focused platforms, with a goal of reducing bookkeeping costs and speeding up month-end closes for its customers.
About Layer Financial Technologies
Industries
Data & Analytics
Enterprise Software
Fintech
AI & Machine Learning
Company Size
11-50
Company Stage
Seed
Total Funding
$8.9M
Headquarters
San Francisco, California
Founded
2020
People at Layer Financial Technologies
People at Layer Financial Technologies who can refer or advise you
Simplify's Take
What believers are saying
- Layerfi's customer base quadrupled to support 30,000+ SMBs, showing rapid embedded finance adoption.
- Layerfi's $6.6M seed round led by Emergence Capital validates confidence in replacing QuickBooks with embedded AI.
- Layerfi enables platforms to offer full accounting suites via API, boosting retention and revenue significantly.
What critics are saying
- Square and Toast will launch native accounting with zero marginal cost, eroding 50–70% of Layerfi's revenue in 9–12 months.
- Plaid and Stripe will embed AI bookkeeping directly, bypassing Layerfi and capturing the $30B bookkeeping market in 12–18 months.
- Emergence Capital will fund a Layerfi clone with superior AI data, forcing 30% valuation dilution or talent loss in 6–9 months.
What makes Layer Financial Technologies unique
- Layerfi delivers white-labeled embedded accounting for vertical SaaS and neobanks, turning them into SMB financial homes.
- Layerfi's AI-powered bookkeeping halves costs and closes books 3x faster than traditional methods.
- Layerfi integrates with Plaid and Stripe to pull real-time data, eliminating manual entry for SMBs.
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Funding
Total Funding
$8.9M
Above
Industry Average
Funded Over
2 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Company Equity
Growth & Insights and Company News
6 month growth
↓ -41%1 year growth
↓ -41%2 year growth
↓ -41%We’re thrilled to share that Layer has raised a $6.6M seed round led by Emergence Capital, with participation from our existing investors Better Tomorrow Ventures (BTV).
Layer Financial Technologies is Hiring for 5 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Layer Financial Technologies
Industries
Data & Analytics
Enterprise Software
Fintech
AI & Machine Learning
Company Size
11-50
Company Stage
Seed
Total Funding
$8.9M
Headquarters
San Francisco, California
Founded
2020
Layer Financial Technologies is Hiring for 5 Jobs on Simplify!
Find jobs on Simplify and start your career today