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account firm are struggle to borrow gamey - tech result . That ’s according to asurveyearlier this year from Rightsworks , which found that , while 88 % of house believe technical school has had a irrefutable impact on their efficiency , 60 % are suffering from fragmented systems , discrepant processes , and a lack of standardized workflow .
inauguration likeAiwynare trying to meet the demand . Founded in 2020 , Charlotte , North Carolina - basedAiwynsells software contrive to address the taxation cycles/second side of the CPA business . Aiwyn ’s platform automates and reconciles defrayment and invoices for both CPA and their client .
Aiwyn was co - constitute by enterpriser Pat Morell and Justin Adams . While build his first startup , healthcare companionship Digitize . AI ( which Morell also helped co - found ) , Adams had a bad experience with a certified public accountant business firm . The firm send him an invoice two months after he ’d sold Digitize . AI , and wanted Adams to mail a check to a P.O. box in Pennsylvania .
“ [ I]t kind of left a spoiled gustatory sensation in my rima oris from a customer experience perspective , ” Adamswrotein a LinkedIn situation . “ It caused me to labor in and require : Why does a top-10 accountancy firm have such a stinky experience ? Why did they make it so difficult to compensate them ? Why put a lot of detrition in the process ? ”
So , despite feel “ passably burn out ” after selling Digitize . AI , as Adams account it , he called up Morell , and the two started brainstorming what would become Aiwyn .
Aiwyn has about 80 staffers today , and notched $ 8 million in revenue in 2023 , agree to Adams . The caller serves around 130 of the top 500 accounting firm .
It ’s a lucrative stead to be in .
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Accordingto Verified Market Research , the sector for accounting recitation management software system was worth $ 1.29 billion in 2024 and could progress to $ 2.36 billion by 2031 . Ninety - three percent of comptroller believe that accounting firm make more economic consumption of tech are more potential to survive periods of high-pitched inflation and interest rates , per onepoll .
Aiwyn is developing what it describes as a “ comprehensive ” method of accounting recitation direction program , as well as a tax - focussed program . To fund those efforts , the companionship recently closed a $ 113 million funding round led by KKR and Bessemer Venture Partners .
The round brought Aiwyn ’s total raised to $ 127 million .
“ Aiwyn is committed to empowering CPA firms to promote their operations and node human relationship , ” Adams tell in a assertion . “ With this investment , we are poise to redefine how business firm manage their operations from the CRM to the worldwide book while place a new bench mark for node experience . ”
