Full-Time
OTC invoicing and ACH payments platform
$170k/yr
New York, NY, USA
In Person
Relocation support is available.
Bachelor's
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ConfidoTech provides a financial technology platform that streamlines the order-to-cash process for businesses. It focuses on ACH payments, letting customers upload bank details to make payments, and delivers invoices and remittance data. The platform offers real-time payment status tracking through customer portals and is designed for quick setup: users log in with their credentials to connect, avoiding lengthy integrations. It ensures accurate remittance details so payments can be automatically applied, reducing processing costs and the risk of lost invoices. Competing primarily on ease of setup, real-time visibility, and automated remittance processing, ConfidoTech targets businesses looking to optimize invoicing and payments. The company earns revenue through subscription fees for its platform services.
Company Size
51-200
Company Stage
Series A
Total Funding
$20.1M
Headquarters
New York City, New York
Founded
2020
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Company Equity
Unlimited Paid Time Off
Relocation Assistance
Health Insurance
Dental Insurance
Vision Insurance
Remote Work Options
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Confido has acquired Muffin Data to enhance its analytics capabilities for CPG brands. Muffin Data, founded by Andrés Recalde and Salvatore Calvo, specializes in consolidating retailer and distributor data. The acquisition will integrate Muffin's data capabilities into Confido's platform, allowing for seamless connection of trade spend analysis with retail sales performance. Muffin will remain a standalone product initially, with full integration expected by year-end.
Confido, the first automated financial operations software for CPG, has raised $20M in Series A and seed rounds led by Footwork and Watchfire Ventures. Founded by Justin Hunter and Kara Holinski, Confido aims to help CPG brands like OLIPOP and Dr. Squatch scale in retail by automating financial operations. The funding will expand the team and enhance AI capabilities to optimize retail potential.
Confido, led by Kara Holinski and Justin Hunter, has raised $20 million, which includes $15 million in Series A funding led by Footwork and an unannounced seed round led by Watchfire Ventures.
Read more about A Note from Our Founders: Raising Our Series A to Build the Future of CPG Finance