Leapfin

Leapfin, operating as Leap Technologies, Inc., provides software that automates the record-to-report process for finance and accounting teams. The platform ingests transaction data from payment service providers, billing systems, order management tools, marketplaces, data warehouses and legacy ERPs, standardizes it into a consistent accounting-ready format, and generates journal entries and summaries for the customer's ERP. Core capabilities include revenue recognition automation, payment and revenue reconciliation, month-end close acceleration, reporting, audit trails, period locking, traceability of linked transactions, and compliance support for standards such as GAAP, SOX and ASC 606.

A native AI agent called Luca lets users query financial data with natural-language prompts to create ad-hoc reports, investigate anomalies, build automated accounting workflows and document accounting treatments. The company frames its AI approach as a "glass box": data transformation and a rules-based accounting engine come first, with AI layered on top of auditable data. Leapfin positions itself as a supplement to ERPs, which the founders argue have become systems of record for summarized month-end journal entries rather than for granular financial data.

Product packaging is a SaaS annual subscription in three tiers — Standard (from $500/month), Premium (from $1,000/month) and Enterprise (custom) — differentiated by number of native integrations, AI workflow features, security controls (SSO, role-based access control), support level and availability SLA (99.0%–99.5%). Implementation and onboarding are included and typically take four to six weeks, spanning goal alignment, integration setup, standard and advanced accounting workflow configuration, validation and a guided close.

Founding story

Leapfin was founded by Ray Lau and Erik Yao after years of jointly owning financial operations and building software. Lau traces the idea to his time in the Business Operations organization at Zynga, where answering a simple ROI question required pulling Tableau and Oracle ERP reports and about two weeks of spreadsheet work — leading to the conclusion that ERPs are no longer the source of truth for granular financial data and that finance needed a purpose-built financial data management layer.

Business model

Software-as-a-service sold as an annual subscription (multi-year terms available, typically at a discount), with tiered plans starting at $500/month for Standard and $1,000/month for Premium and custom pricing for Enterprise. Pricing is adjusted for complexity such as custom integrations and revenue recognition requirements; add-on fees apply to items including the Leap Connect API, SSO, role-based access control and solutions architect services. Monthly subscriptions are not offered.

Recurring annual subscription fees per plan tier, plus additional fees for optional integrations, security features and professional services.

Traction

Named customers include GoodRx, Reddit, Eight Sleep, SeatGeek, Canva, Guideline, Poshmark, Top Hat, Outside Interactive, Altitude Sports, Vimeo, Sports Illustrated and Flexport. Customer-reported outcomes cited by the company include close-time reductions of 50% (six days to three), 89% and 90%, closing in five days versus a prior 90 days, elimination of four days of manual work, roughly 50 hours saved per month, automation of revenue recognition for 1.2 million orders per year, and doubling transaction volume without adding accounting headcount.

Latest developments

The company announced a partnership with Metronome to connect usage-based billing data with accounting, added Airwallex as an integration partner for ingesting payments data, published a 2025 State of Automation for Revenue Accounting research report, and released AI-powered workflows built through natural-language prompts. Its website prominently links to an announcement about Leapfin joining Airwallex.