Bengaluru-based Inkle acquires Finally’s bookkeeping arm, expands team to 160
Bengaluru-built, San Francisco-headquartered CPA firm Inkle has acquired Finally's bookkeeping division in an undisclosed all-cash deal, taking its team to about 160 people across five countries and extending it from startups to non-tech small businesses.
San Francisco-based Inkle, an AI-driven accounting and bookkeeping firm founded in Bengaluru, has acquired the bookkeeping arm of small-business finance platform Finally, expanding its team to 160 employees. The acquisition price remains undisclosed, marking Inkle's first acquisition. The merged team, comprising 60 Inkle employees and 100 Finally employees from various locations, will provide round-the-clock support to clients across the Americas and Asia.
Finally's bookkeeping customers will continue working with their current teams while accessing Inkle's services through its software. Inkle CEO Anand Krishna expressed delight at the acquisition, highlighting the company's unique combination of US-based CPAs and an Indian engineering team. The deal addresses the shortage of accounting professionals in the US, as many CPAs and bookkeepers approach retirement, and fewer new entrants join the profession.
Inkle expects technology-led platforms, developed by its Indian engineers and finance professionals, to help bridge the talent gap. The Bengaluru-based team built Inkle Books, the general ledger, and its tax and compliance platform. This acquisition marks a significant test for Inkle's approach of integrating problem resolution between its delivery and development teams.
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