Through a Series A funding round led by Avant Global Corporation, IT product company BeyondSquare Solutions has raised $4 million.
The issuance of new and convertible shares will be the first step in the three-stage investment process. Subsequent subscriptions from current shareholders will come next, and warrant conversion will occur when predetermined performance milestones are met.
According to a press release from BeyondSquare Solutions, the money raised will be used to deepen compliance intelligence, increase automation, and improve scalability for businesses with intricate reporting systems, all of which will strengthen FinAlyzer’s core capabilities.
FinAlyzer, a financial consolidation and reporting solution developed by BeyondSquare Solutions, which was co-founded by Karthik Ganeshan, Venkatachalam PK, and Rangan Varadan, automates close, consolidation, and compliance, giving CFOs access to world-class accuracy and transparency. FinAlyzer provides real-time insights, improves governance, and lowers operational risks for finance teams while integrating easily with a variety of ERP and accounting systems.
According to market research, the global financial consolidation software market is expected to grow at a compound annual growth rate (CAGR) of approximately 11–11.4%, from $3.2 billion in 2024 to $6.4 billion by 2032.
According to BeyondSquare, more than 100 businesses in more than 25 industries across more than 45 countries already trust its FinAlyzer, including several Fortune 500 Indian companies and Fortune 2000 global businesses. The company hopes to increase its global presence, especially in the Middle East, Europe, and South East Asia.
