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Connected Accounting Startup Lockstep Closes $10M Series A Hiring Up to Eliminate Cash Traps and Leaks in B2B Accounting News provided by Share this article Share this article SEATTLE, Feb. 3, 2021 /PRNewswire/ -- Lockstep, the world's first connected accounting cloud, today announced the close of a $10 million Series A funding round led by Point72 Ventures with participation from Clocktower Ventures and Revel Partners. Founded in 2019, Lockstep helps more than 180 customers process over 800 thousand invoices per month with almost 4 million entities. Lockstep integrates over 40 ERP and acc...

Adobe Stock According to a press release, the platform enables financial managers to optimize cash, liquidity and working capital with a unified solution that combines payables, receivables and treasury management. It aims to deliver greater visibility and control throughout the end-to-end cash lifecycle. In one tool, managers can initiate and manage payments, automate payables and receivables, conduct sophisticated cash forecasting or scenario planning, optimize liquidity and investment returns, and manage borrowing needs and banking relationships. As part of the enhanced platform,...

Last year, Steven Cohen closed his legendary hedge fund SAC Capital, and created a new group of funds called Point72 Asset Management to manage his personal assets, as well as those of certain eligible employees. Same as in the last quarter, the portfolio is highly diversified, but has a slight... Read More... Don't Miss Any Updates! News Directly in Your Inbox Subscribe to: