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Modernbanc

YC W20

London, GB · Founded 2020 · 6 employees · 17 known investors

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Modernbanc provides accounting software that helps businesses manage their finances through an accessible and configurable platform.

Also known as Milly Works

AI & Machine LearningFintechFinanceB2BAIUnited KingdomEuropePartly Remote

Founders & leadership· Y Combinator alumni (W20)

Modernbanc was founded in 2020 by Gregory Gevorkyan.

GGGregory Gevorkyan
Gregory GevorkyanFounderGregory Gevorkyan is founder of Modernbanc, which provides accounting software for business financial management.

Investors · 17

Soma Capitallisted by Soma CapitalSacramento · $100K – $300K

How we know: Y Combinator's founder network · somacap.com · Not right? Tell us

Taurus Ventureslisted by Taurus VenturesBangkok

How we know: Taurus Ventures's portfolio page · Y Combinator's founder network · Not right? Tell us

Y Combinatorlisted by Y CombinatorSan Francisco · $500K

How we know: the Y Combinator directory · Not right? Tell us

Abacus Capital GroupreportedNew York

How we know: Y Combinator's founder network · Not right? Tell us

Backend CapitalreportedSan Francisco · $100K – $10M

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Global Founders CapitalreportedBerlin · $1M

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Graph VenturesreportedNew York · $50K – $300K

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Jam FundreportedLos Angeles · $500K – $20M

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Liquid VenturesreportedSan Francisco · $250K – $5M

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Socially FinancedreportedChatham · $100K – $250K

How we know: the VCSheet dataset · Not right? Tell us

StartupsreportedCdmx

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Thayer Investment PartnersreportedValencia

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Tribe CapitalreportedSan Francisco · $25K – $40M

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Twenty Two VenturesreportedPalo Alto · $50K – $250K

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Unusual VenturesreportedMenlo Park · $1M – $15M

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Village GlobalreportedCovina · $500K – $3M

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Related companies · 4

FinlensFinlens is a finance platform designed for startup founders and accountants that simplifies accounting and financial management through a user-friendly dashboard. The platform provides fast financial tracking and reporting with emphasis on simplicity and transparency.
LiveFlowLiveFlow builds agentic accounting software that automates month-end close, account reconciliation, accounts receivable management, and journal entry drafting for multi-entity physical businesses. The platform also offers FP&A capabilities for consolidation, reporting, and budgeting, purpose-built for construction, healthcare, food & beverage, and retail operations.
Rima AI (formerly Garage)Rima is an AI agent platform for financial reconciliation tasks including bank statements, accounts payable, payroll, intercompany balances, and credit card transactions. It serves accounting teams at CPA firms and corporate finance departments.
LeversLevers is a B2B finance software platform that modernizes accounts receivable processes and financial operations for businesses. The platform simplifies workflows and improves interactions between financial teams and stakeholders.

Companies working in the same space as Modernbanc.

In the news

Modernbanc - The first AI financial assistant for business ownersycombinator.com · Jul 2025Modernbanc - fast and modern alternative to Quickbooksycombinator.com · Jan 2025Modernbanc - Real-time finance platform for startupsycombinator.com · Oct 2024Modernbanc Vault - Compliant encryption API for developersycombinator.com · Nov 2023

Frequently asked questions

What does Modernbanc do?
Modernbanc provides accounting software that helps businesses manage their finances through an accessible and configurable platform.
Who founded Modernbanc?
Modernbanc was founded by Gregory Gevorkyan in 2020.
Who are Modernbanc's investors?
Modernbanc's investors include Adapt Ventures, Soma Capital, Taurus Ventures, Y Combinator, Abacus Capital Group, Backend Capital, Global Founders Capital, Graph Ventures and 9 more.
Where is Modernbanc headquartered?
Modernbanc is headquartered in London, GB.