Leapfin describes themselves as "Salesforce for financial data" which basically means they make it really easy for companies of all sizes to aggregate their financial data into one place. By having all over your financial numbers and metrics together it's so much easier for a business owner or financial executive to get a real snapshot of the business, what looks good, what needs improvement, and much more. Their software can help companies with analytics, compliance and reporting. It's scary to think that some companies are using excel spreadsheets for these critical tasks. Leapfin is based in San Francisco, has 10 employees, is currently hiring and has raised $2.4 million from a bunch of angel investors as well as seed funds like Index Ventures and Bowery Capital.
In this interview I spoke with Raymond Lau, co-founder of Leapfin about his journey as an entrepreneur, selling his previous company Playhaven, why he started Leapfin and what problem are they tackling, how are they growing their client base, what marketing strategies have worked for them, when did they raise capital and how is that money being deployed, when will they raise the next round and how will that money be used, what have been the biggest challenges with building Leapfin, what is their recruiting strategy, what are his favorite moments from Leapfin, what skills and lessons did he learn from Playhaven that he's been able to apply to Leapfin, why did he become a mentor at TechStars and much more.
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