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Digits completes acquisition of Basis Finance to accelerate FP&A roadmap

PRIVATEJun 17, 2024

Acquiring Company

Digits

Acquired Company

Basis Finance

San FranciscoNew YorkProfessional ServicesSoftwareData And Analyticsinformation technology & servicesFinancial ServicesFinanceFintech

Description

Digits, the automated accounting innovator, has strategically acquired Basis Finance to accelerate its FP&A roadmap and extend its dashboard and reporting capabilities into financial planning. Through this acquisition, Digits aims to provide access to clean financial data and expertly built financials for forward-looking decision making.

Quick answer

Digits is acquiring Basis Finance, announced June 17, 2024. Digits is based in San Francisco, California, United States.

How much did Digits pay for Basis Finance?
The deal value was not disclosed.
What does Digits do?
Digits is accounting, reimagined.
Where are Digits and Basis Finance based?
Digits is based in San Francisco, California, United States. Basis Finance is based in New York, New York, United States.
Who are the decision-makers at Digits?
Fundz holds 1 contact at Digits. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Professional Services and Data And Analytics

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

Digits

Location

San Francisco, California, United States

About

Digits is accounting, reimagined. Picture clean books, powerful insights, and intuitive reports—all delivered right as the month ends (not 2-3 weeks late!) at half the cost of any traditional firm. Digits has built the first modern accounting platform in 20+ years, designed from the ground up to automate bookkeeping and accounting for tech-forward businesses. Digits pairs cutting-edge AI with expert US-based CPAs to provide full-service accounting to Pre-Seed to Series B startups, and sells automation software to top accounting firms. Founded in 2018 by serial entrepreneur Jeff Seibert, Digits launched in November 2023 and is backed by $97.5M in funding from Benchmark, GV, Softbank, and 70+ angel investors.

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Frequently asked

Who acquired Basis Finance?

Basis Finance was acquired by Digits, based in San Francisco. The deal was reported on June 17, 2024. Digits is accounting, reimagined. Picture clean books, powerful insights, and intuitive reports—all delivered right as the month ends (not 2-3 weeks late!) at half the cost of any traditional firm. Digits is privately held and operates in Professional Services.

When did Digits acquire Basis Finance?

Digits's acquisition of Basis Finance was reported on June 17, 2024. Digits, the automated accounting innovator, has strategically acquired Basis Finance to accelerate its FP&A roadmap and extend its dashboard and reporting capabilities into financial planning. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Basis Finance do?

Basis Finance is a fast-growing budgeting and forecasting platform designed to make it easy to create and maintain budgets and forecasts through integrations into hundreds of financial systems and advanced scenario comparison tools. It is privately held, operating in Financial Services, and is based in New York.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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