LedgerUp
YC S24San Francisco, US · Founded 2024 · 5 employees · 1 known investors
LedgerUp is an AI billing operations platform for B2B SaaS companies with custom contracts that automates post-signature revenue tasks including contract parsing, subscription creation, invoice generation and submission to procurement portals, payment collections follow-ups, and reconciliation across multiple CRM and accounting systems. The platform reduces Days Sales Outstanding by an average of 35% and saves teams 30–40 hours per month on accounts receivable work.
AI & Machine LearningEnterprise SoftwareFintechSaaSFinanceBillingAIUnited States of AmericaAmerica / Canada
Founders & leadership· Y Combinator alumni (S24)
LedgerUp was founded in 2024 by Bailey Spell and Danny Torney.
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Bailey Spellin𝕏Founder, CEOBailey Spell worked as an engineer at Microsoft on Office agent integration and was an early hire at a workflow automation startup where the company reached $120k ARR. He now leads finance and accounting solutions at LedgerUp, focusing on bookkeeping.
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Danny TorneyFounder
Investors · 1
The YC application· Summer 2024 batch
Alumni Q&A
- How did your company get started? (i.e., How did the founders meet? How did you come up with the idea? How did you decide to be a founder?)
- The founders began with a bootstrapped bookkeeping company and found that their customers shared the same difficulties with accounts receivable and revenue tracking, including manual invoice chasing, payment reconciliation, and revenue recognition. They shifted focus to build LedgerUp as an AI agent that automates the full quote-to-cash workflow, covering usage-based billing, collections, and ARR calculations.
Summarized from the founders' answers on their Y Combinator profile.
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Competitors · 10
by search overlap
Stripe317 shared keywordsStripe provides financial infrastructure for businesses to accept payments, offer financial services, and implement custom revenue models across international markets in 135+ currencies.
Bill.com Holdings, Inc.290 shared keywordsBILL is a unified financial operations platform that automates accounts payable, receivables, and spend management for businesses. The platform processes over $345 billion in annual payment volume and serves nearly 500,000 customers across the US and 130+ countries.
Resolve284 shared keywordsResolve provides a platform that unifies B2B payments, invoicing, and net terms financing in a single embedded solution for business buyers and sellers across ecommerce, marketplaces, and traditional sales channels.
Highradius275 shared keywordsHighRadius provides software for order-to-cash and treasury finance operations, including credit, collections, deductions, cash application, and invoicing and payments automation. It serves large enterprises and Fortune 1000 companies looking to improve financial performance metrics such as Days Sales Outstanding.
Tipalti255 shared keywordsTipalti offers an AI-powered finance automation platform that handles global accounts payable, payments, procurement, expenses, and treasury operations for businesses. It supports cross-border payments to over 200 countries in 120 currencies and integrates with ERPs, accounting systems, and other business tools, serving industries such as adtech, e-commerce, gaming, healthcare, and software.
Industries231 shared keywordsJ.P. Morgan is a global financial services firm serving corporations and individuals in more than 100 countries, offering investment research, tools, data, analytics, and advisory services. It supports institutional investors, asset and fund managers, hedge funds, broker dealers, and equity issuers with liquidity, fixed income strategies, and equity compensation solutions.
GoCardless226 shared keywordsGoCardless provides bank payment collection and open banking data access services. The platform enables businesses to collect domestic and international payments via bank accounts and securely access customer bank account data across 2,300+ banks in the UK and Europe.
Upflow225 shared keywordsUpflow provides financial relationship management software that helps B2B finance teams optimize cash flow and accelerate collections through dashboards, payment automation, and integrated workflows. The platform offers live financial forecasting, automated payment reminders, and modern payment options to reduce days sales outstanding and improve customer relationships.
Intuit®224 shared keywordsIntuit develops financial software products—including TurboTax, Credit Karma, QuickBooks, and Mailchimp—for consumers and small businesses to manage taxes, credit, accounting, and marketing. It serves approximately 100 million customers worldwide.
Ramp184 shared keywordsRamp offers a finance platform that combines corporate cards, expense management, and AI-driven automation for receipt capture, transaction coding, and reimbursements. It serves finance teams and businesses looking to consolidate spending tools and automate accounting workflows.
Companies competing with LedgerUp for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Frequently asked questions
- What does LedgerUp do?
- LedgerUp is an AI billing operations platform for B2B SaaS companies with custom contracts that automates post-signature revenue tasks including contract parsing, subscription creation, invoice generation and submission to procurement portals, payment collections follow-ups, and reconciliation across multiple CRM and accounting systems. The platform reduces Days Sales Outstanding by an average of 35% and saves teams 30–40 hours per month on accounts receivable work.
- Who founded LedgerUp?
- LedgerUp was founded by Bailey Spell, Danny Torney in 2024.
- Who are LedgerUp's investors?
- LedgerUp's investors include Y Combinator.
- Where is LedgerUp headquartered?
- LedgerUp is headquartered in San Francisco, US.