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Full-Time

Full-stack Engineer

Posted on 6/27/2024

Numeric

Numeric

11-50 employees

Financial close management solutions for enterprises

Consulting
Fintech
AI & Machine Learning
Financial Services

Mid

San Francisco, CA, USA

Category
Full-Stack Engineering
Software Engineering
Requirements
  • Computer science or other technical degree
  • 4+ years of experience in software engineering

Numeric.io provides financial close management solutions designed to help large enterprises streamline their month-end close processes. The platform integrates features for closing, reconciling, and analyzing financial data, which enhances collaboration and control over financial operations. By automating complex tasks, Numeric.io ensures that companies maintain financial controls and remain audit-ready. Operating on a Software-as-a-Service (SaaS) model, clients subscribe to the platform for a recurring fee, allowing for continuous updates and support. Numeric.io differentiates itself by offering tailored solutions that cater to both mid-sized companies and large corporations, particularly those preparing for an Initial Public Offering (IPO). The company's goal is to transform how businesses manage their financial close processes, making them faster, more accurate, and more efficient.

Company Stage

Seed

Total Funding

$10M

Headquarters

San Francisco, California

Founded

2020

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
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Simplify's Take

What believers are saying

  • Securing $10M in Seed funding from prominent investors like Founders Fund and Menlo Ventures provides strong financial backing for growth and innovation.
  • The platform's ability to integrate seamlessly with existing systems and automate routine tasks can significantly improve operational efficiency for clients.
  • Numeric.io's focus on AI-driven automation allows accounting teams to shift from manual tasks to more strategic roles, enhancing job satisfaction and career growth.

What critics are saying

  • The competitive fintech landscape requires Numeric.io to continuously innovate to maintain its edge.
  • Reliance on large enterprises and IPO-preparing companies could limit market diversification and expose the company to economic fluctuations in these sectors.

What makes Numeric unique

  • Numeric.io leverages AI to automate complex financial close tasks, setting it apart from traditional financial management solutions.
  • The company's focus on large enterprises and IPO-preparing companies allows it to cater to a niche market with specialized needs.
  • Partnerships with advisory firms like Riveron enhance Numeric.io's credibility and extend its market reach.
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