Febi.ai, an AI-driven platform specializing in accounting and tax management, has secured $2 million in a pre-Series A funding round. The round was co-led by prominent investors such as Lumis Partners, Virender Rana, Lenskart co-founder Amit Chaudhary, Padmaja Ruparel, Cashkaro co-founder Rohan Bhargava, and Rajat Jain.
The fresh funds will be directed towards enhancing Febi.ai’s artificial intelligence capabilities, enabling further automation of accounting and tax compliance processes. The company also plans to scale its customer base and expand its workforce to accelerate growth.
Founded in 2022 by Amit Jindal, Saurabh Jain, Ashu Goel, and Rahul Bansal, the Gurugram-based platform addresses common challenges in manual accounting, such as data entry errors and invoice verification delays. By automating documentation management and tax compliance, Febi.ai helps entrepreneurs and business owners gain real-time insights into their financials, enabling them to make more informed decisions.
Designed by experts from the chartered accountant community, Febi.ai combines AI/ML technology with a team of seasoned CAs and finance professionals to deliver real-time management of accounting, tax compliance, and financial operations. The platform also offers personal accountants for strategic financial advice, providing a comprehensive solution for businesses looking to streamline their financial processes.
