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Oath

Independent verification platform for financial systems

Overview

Oath delivers continuous, software-driven independent financial verification by operating as a licensed audit firm. It connects to client accounting systems and re-performs standard audit checks—transactions, balances, documents, calculations, and controls—at the speed of the monthly close and on-demand item validation. It positions itself as a captive audit provider (with insurance and data-security services) to deliver defensible opinions and automate roughly 80% of audit work while leaving final judgment to human auditors. Its initial focus is on private companies, funds, employee benefit plans, and nonprofits before expanding to public markets, aiming to provide ongoing assurance without slowing business processes.

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About Oath

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

Industries

Data & AnalyticsEnterprise SoftwareFinancial Services

Company Size

11-50

Company Stage

Seed

Total Funding

$6.6M

Headquarters

Chicago, IL

Founded

2025

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Simplify's take

What believers are saying

  • Oath formed a Quality Advisory Board in October 2026, signaling governance discipline early.
  • The platform verifies records inside accounting systems, matching monthly close workflows instead of annual sampling.
  • Backers Rackhouse, M25, Chicago Ventures, and Nameless Ventures provide capital and market access.

What critics are saying

  • Audit quality failures can trigger PCAOB scrutiny, malpractice claims, and license restrictions within months.
  • Oath's 49-state practice with New York pending leaves regulatory rollout incomplete and fragile.
  • Big Four and regional firms can copy continuous-testing features, compressing Oath into a service commodity.

What makes Oath unique

  • Oath CPAs PLLC launched May 28, 2026 as a licensed audit firm.
  • Sara Lord joined October 29, 2026, bringing AICPA standards and RSM quality expertise.
  • Christina Ho's PCAOB background and software-connected verification model differentiate Oath from normal audit shops.

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Funding

Total Funding

$6.6M

Above

Industry Average

Funded Over

1 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Above Average

Industry standards

$3.3M
$2M
$2.3M
$3M
$6.6M

Benefits

  • Company Equity
  • Remote Work Options
  • Flexible Work Hours

Growth & Insights and Company News

6 month growth

-11%

1 year growth

-11%

2 year growth

-11%
PR Newswire
Oct 29th, 2026
Oath Verified forms audit quality advisory board, names ex-AICPA standards chair Sara Lord

Oath Verified, a Chicago-based financial technology startup that automates auditing, has created a Quality Advisory Board for its audit practice, Oath CPAs PLLC. Sara Lord, a former chair of the AICPA Auditing Standards Board, is its founding member. The startup formed the board voluntarily, just months after launching its audit practice on May 28, 2026. The board will give outside views on Oath's audit methods and quality management. Oath's technology connects to companies' financial systems to verify records throughout the year. Licensed CPAs review the evidence, apply judgment, and sign off on each audit. Lord has nearly 30 years of public accounting experience and previously served as chief auditor of RSM US LLP. "Technology is changing how audits are done. That makes professional judgment and a strong quality management system more important, not less," she said.

The Finance Story
Jun 10th, 2026
Ex-PCAOB regulator QUITS…joins AI Audit startup targeting 80% Automation

US based Oath is trying to automate 80% of the audit work, with AI. Data extraction, document review, population testing, and similar mundane tasks are ripe for AI disruption. But it will never be 100% automated, as the Audit process still needs the final layer of professional

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