FinQuery, formerly known as LeaseQuery, is a company that provides innovative contract and spend intelligence solutions. Founded in 2011, FinQuery is headquartered in Atlanta, Georgia. The company was initially established by George, a financial authority and leading expert in lease accounting. FinQuery has raised a total of $25 million in investments as of April 2024, aimed at accelerating its product innovation and growth. It is supported by major investors such as Periphas Capital and Lavelle Capital.
August 2024: FinQuery announced an expansion in its service offerings by acquiring Stackshine, a SaaS spend management platform. This acquisition has been pivotal in enhancing FinQuery's capabilities by integrating advanced spend intelligence functionalities.
April 2024: FinQuery secured a $25 million minority investment led by Periphas Capital, supported by Lavelle Capital. This investment was directed towards boosting their product development and market expansion strategies.
January 2024: FinQuery continued growing its user base, reaching over 8,000 clients worldwide, comprising public companies, universities, and government entities.
2023: The company rebranded from LeaseQuery to FinQuery, expanding its focus beyond lease accounting to include a comprehensive suite of spend management and contract intelligence solutions.
| Attribute | Information |
|---|---|
| Founding Date | 2011 |
| Headquarters | Atlanta, Georgia |
| Founders | George (specific surname not mentioned) |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Periphas Capital, Lavelle Capital |
| Industry | Contract and spend intelligence software |
| Number of Employees | Not publicly disclosed |
FinQuery began its journey in 2011 under the name LeaseQuery. It was founded with the purpose of addressing complex accounting challenges related to lease management. The founder, known for his expertise in lease accounting, sought to create a solution that provided clear visibility into an organization's financial commitments. Initially, the company focused on facilitating compliance with the ASC 842 leasing standard in the United States. Early partnerships and customer acquisitions set a foundation for growth, allowing FinQuery to establish itself as a leader in the lease accounting software space. Over the years, they expanded their product offerings, supporting a diverse range of financial reporting standards and garnering a significant client base across various sectors.
FinQuery's business model revolves around providing a unified platform for financial contract data management, aimed at simplifying budgeting, forecasting, management, accounting, and compliance processes. Their platform, known for its intuitive interface, automates various financial tasks, offering tools to prevent overpayments and ensure compliance with global accounting standards like ASC 842, IFRS 16, and GASB 87. Noteworthy achievements of FinQuery include:
FinQuery operates in the financial technology sector, providing advanced contract and spend intelligence solutions. Their software helps finance and accounting professionals to gain comprehensive visibility into spend areas such as leases and software subscriptions. This visibility allows companies to make informed financial decisions, optimizing costs and compliance efforts. FinQuery maintains a competitive edge through continuous product innovation, with recent investments directed towards expanding its technological capabilities and market presence. Their strategic acquisitions and partnerships have positioned them as a leader in the contract intelligence sector, supporting a diverse clientele ranging from small to large enterprises across the globe.
FinQuery has established itself as a significant player in the financial technology industry, particularly in the contract and spend intelligence space. With a strong foundation built on lease accounting expertise and a strategic shift towards comprehensive spend management, the company has adapted to meet the evolving needs of finance professionals. The recent influx of investment capital and strategic acquisitions signal a robust trajectory for future growth and innovation. As FinQuery continues to expand its platform capabilities and global reach, it is well-positioned to sustain its competitive advantage and impact the industry significantly.