The glow of the monitors reflects in the wide eyes of the InScope engineering team. It’s late, and the hum of servers fills the air. They’re debugging a new module designed to automatically reconcile intercompany transactions, a process that used to take days. Now, it’s down to minutes.
InScope, founded by veterans from Flexport, Miro, Hopin, and Thrive Global, just closed a $14.5 million funding round in 2026. The startup is tackling the often-overlooked but critical problem of financial reporting. Their platform automates the tedious and error-prone process of preparing financial statements, a task that plagues businesses of all sizes.
“The pain is real,” says Sarah Chen, a former accountant and InScope co-founder. “We saw firsthand the hours wasted on manual data entry, reconciliation, and chasing down discrepancies. Our goal is to free up finance teams to focus on strategic analysis, not just data wrangling.”
The technical challenge is significant. The InScope platform ingests data from various accounting systems, banks, and other sources. It then uses a combination of machine learning and rule-based automation to generate financial statements, including income statements, balance sheets, and cash flow statements. This means less time spent manually inputting data and more time spent analyzing it.
“The market is ripe for disruption,” notes analyst Michael Jones of Forrester Research. “The demand for automated financial reporting solutions is growing exponentially. Companies are struggling to keep up with the increasing complexity of regulations and the sheer volume of financial data.” Jones projects a 30% annual growth rate for the financial automation market through 2028.
One of the key features of InScope’s platform is its ability to handle complex accounting scenarios. The system is designed to handle different currencies, multiple subsidiaries, and various accounting standards, providing a centralized view of a company’s financial health. It’s a level of sophistication that was missing in the current tools.
The implications are far-reaching. By automating financial reporting, InScope promises to reduce the risk of errors, improve compliance, and speed up the closing process. This can lead to significant cost savings and better decision-making for businesses. It also allows finance teams to become more strategic partners within their organizations, rather than just data processors.
With the new funding, InScope plans to expand its engineering team, enhance its platform’s capabilities, and broaden its market reach. They’re aiming to onboard 500 new customers by the end of 2027. It’s a bold target, but the team seems ready to take it on.
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