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Bengaluru-based Inkle acquires Finally’s bookkeeping arm, expands team to 160

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Bengaluru-based Inkle acquires Finally’s bookkeeping arm, expands team to 160

San Francisco-headquartered Inkle, an AI-driven accounting and bookkeeping firm for US companies that develops its technology in Bengaluru, has purchased the bookkeeping arm of small-business finance platform Finally. The price has not been revealed. Inkle describes the deal as an all-cash asset purchase and says it is the company’s first acquisition.

Around 100 Finally employees based in the Dominican Republic, Colombia, Puerto Rico, Miami, Boca Raton and New York will join Inkle’s 60-member team in Bengaluru, comprising engineers, product designers, tax professionals and bookkeepers. With a workforce of about 160 across five countries, Inkle says it can provide round-the-clock support to clients across the Americas and Asia. Finally’s existing bookkeeping customers will continue working with their current teams, while accessing services through Inkle’s software.

The acquisition also changes who Inkle works for. Until now, the firm’s clients have been mainly venture-backed startups. Finally’s customers are largely non-tech small businesses, including contractors, clinics, restaurants, professional services firms and owner-operators, a group Inkle regards as the core of America’s employer base.

“Ranvir and I are delighted to announce Inkle’s first acquisition,” said Anand Krishna, co-founder and CEO of Inkle. “Inkle is an American company that serves American small businesses, and it’s built in Bengaluru. S. CPAs who own the outcome, and an engineering team in India building the software and AI that let them serve far more businesses, far better, than a traditional firm.



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