Founded in 2023 by Ian Crosby and Adam Saint, Vancouver-based Teal supplies vertical SaaS vendors and SMB platforms with APIs and tooling that embed full-featured accounting directly into their products. Its platform lets small-business end users view real-time cash-flow data, track product profitability, file taxes, and connect with live bookkeepers. Beyond the developer tools, Teal also offers white-label services spanning bookkeeping, tax filing, and CFO-level support. The company positions itself as the accounting back-office for software providers that want to deepen their financial features without building them from scratch. Teal’s infrastructure approach targets a growing segment of SaaS businesses that seek embedded finance capabilities. The startup has secured $8 million in seed funding, giving it initial resources to expand product development and customer acquisition.

Total raised

$8M

Funding rounds

1

Latest round

Seed

Latest activity

May 2024