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Jenesys AI Secures $1.1 Million Pre-Seed to ‘Hire Jack’ an AI as the Bookkeeper and Auditor
Jenesys AI, a pioneering force in B2B invoice management and payments, announces raising $1.1 million in a highly competitive pre-seed funding round. The 12-month-old startup’s valuation is unknown due to a $500k extension being negotiated with further investors.
This investment propels the company’s cutting-edge software, which reimagines the role of AI in back-office financial operations within the $580bn global accounting market. The funding round was led by veteran AI investors Nick Slater and John Spindler at London’s Twin Path Ventures, with participation from Fuel Ventures, Antler, Hatcher+ in Singapore, and seasoned angel investors from the US and UK. The fresh capital will be deployed to engineering, customer success and expanding global payment compliance.
Nick Slater, Partner at Twin Path Ventures, an early-stage AI fund, comments “With the current explosion in AI capabilities, we believe Jenesys is well placed to take advantage. The team passed extensive technical due diligence to prove their use of cutting-edge AI, integrating it directly into everyday workflows to allow for seamless productivity gains. We are very excited about what they can achieve.”
“We are hugely excited to join Jenesys on their journey towards transforming the FinOps space with their leading-edge technology. Nicolai and Tosin are two impressive founders who have assembled a fantastic team of executors. We’re confident they can go and win in this market,” said Mark Pearson, Managing Partner, Fuel Ventures.
Companies In This Post
- Payhawk Transforms Spending Experience for Businesses With Four Enterprise-Ready AI Agents Read more
- Alipay+ to Launch in Saudi Arabia, Facilitating Cross-Border Mobile Payments for Local Merchants Read more
- Saudi Central Bank Launches Google Pay Service Through Mada Network Read more
- Tamara Secures New Asset-Backed Facility of Up to $2.4 Billion Read more
- Starling Reveals New-Look Logo, App and Cards as Bank Launches Brand Mission to Help Britons Become ‘Good With Money’ Read more
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ClearScore UK Triples Full Year Profit to £18.8m as Revenue tops £89m
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Payhawk Transforms Spending Experience for Businesses With Four Enterprise-Ready AI Agents
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Alipay+ to Launch in Saudi Arabia, Facilitating Cross-Border Mobile Payments for Local Merchants
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