Acctual is building a financial operating system that automates accounts payable (AP) and accounts receivable (AR) for companies transacting in both fiat and digital assets. Targeting web3 organizations, its platform helps users manage invoices, ensure on-time payments, and prevent fraud by validating vendors and wallet addresses. The product, currently in beta, integrates with QuickBooks and Xero and is being tested globally by crypto-focused startups from seed to Series A stages. Key features include monitoring and approving invoices, syncing crypto transactions to traditional accounting software, and eliminating over-payments or malicious invoices. By concentrating solely on AP/AR automation rather than broader accounting functions, Acctual aims to differentiate itself from competitors like Bitwave and Cryptio. The founders—Stripe alumni Atikh Bana and Mohamedeq Mohamed and former Google engineer Issa Hassan—bring deep payments and engineering expertise. Its recent seed financing values the company at $15 million post-money and will fund team expansion and the pursuit of product-market fit.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Nov 2023