This story requires our BI Prime membership. To read the full article,20 years after Raymond Lau and Erik Yao went to college together, they've launched a startup to help companies manage money.
It wasn't until Lau spoke to his close friend Erik Yao that he realized he wasn't alone in dealing with this challenge. Lau and Yao have known each other for over 20 years — they went to college together at Cornell and Yao was even Lau's best man at his wedding. Both were working at different companies — Lau atand Yao at PlayHaven — and running into the same challenges when tracking the company's finances.
"We kind of call ourselves a unified financial data platform and our mission is to really give finance executives and executives in general the ability to understand what's going on with your revenue and financials," Lau told Business Insider. Leapfin now has a few dozen customers including Flexport, Vimeo, Canva and Dropbox and is looking to keep adding more as it grows and improves the platform. It just raised $4.5 million in a seed round of funding led by Bowery Capital to help do just that.
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