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LedgerUp
YC S24San Francisco, US · Founded 2024 · 5 employees · 2 known investors
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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.
BS
Bailey SpellFounder, 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.
JJ
Joseph JohnsonFounder
Investors · 2
Y Combinatorlisted by Y CombinatorSan Francisco · $500K
How we know: the Y Combinator directory · funding news · open dataset · 5k.vc investor directory · Not right? Tell us
HNVRreportedPortola Valey
How we know: Y Combinator's founder network · Not right? Tell us
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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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, HNVR.
- Where is LedgerUp headquartered?
- LedgerUp is headquartered in San Francisco, US.