Truewind
YC W23San Francisco, US · Founded 2023 · 30 employees · Hiring · 8 known investors
Truewind automates transaction coding, reconciliation, and close management for accounting teams by converting bank statements and workpapers into GL-ready journal entries and audit-ready schedules. The platform integrates with Sage Intacct and QuickBooks Online and serves accountants, family offices, nonprofits, and bookkeeping firms.
AI & Machine LearningEnterprise SoftwareFintechSaaSGenerative AIB2BAIUnited States of AmericaAmerica / CanadaPartly Remote
Founders & leadership· Y Combinator alumni (W23)
Truewind was founded in 2023 by Alex Lee, Tennison Chan, and Tennison C.
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Tennison Cin𝕏Co-Founder, CTOTennison C is a full-stack web developer with experience gathering user feedback and translating it into product improvements. He is the founder of Truewind, which automates transaction coding, reconciliation, and close management for accounting teams.
Investors · 8
Beat VenturesSan Francisco
MyAsiaVCSeattlevia Aabhas Khanna · inferred
Pathlight VenturesOld Bridge · $500K – $5M
Rho VenturesNew York · $2M – $15M
Thomson Reuters VenturesNew York
Y CombinatorSan Francisco · $500K
Fin CapitalreportedSan Francisco · $250K – $15M
Hike VenturesreportedSan Francisco · $1M – $5M
Funding
SEC filings, press & company announcements- Undisclosed amountSeries AJan 2025 · 3 sourcesSource ↗
- Undisclosed amountSeries ADec 2024Source ↗
- Undisclosed amountseedSep 2023Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Competitors · 10
by search overlap
Numeric83 shared keywordsNumeric builds a software platform for corporate finance and accounting teams that combines real-time accounting, data transformation, and AI-powered analytics to replace manual spreadsheet-based processes. The platform serves CFOs and accounting teams seeking to automate recurring financial workflows and improve decision-making.
Intuit®68 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.
Hyperbots51 shared keywordsHyperbots offers an agentic AI platform with finance-specific "co-pilots" that automate accounts payable and receivable tasks such as invoice processing, accruals, procurement, payments, sales tax verification, vendor management, collections, and cash application. The platform uses AI agents pre-trained on financial documents and integrates with ERPs like NetSuite, SAP S/4HANA, Sage, Microsoft Dynamics 365, and QuickBooks for finance and accounting teams.
Abacum46 shared keywordsAbacum is a financial planning and analysis (FP&A) platform designed for mid-market finance teams. The platform enables clients to manage planning models without requiring system administrators, supporting faster implementation and adoption across finance and broader organizational teams.
Digits44 shared keywordsDigits is an AI-native accounting platform that automates schedules such as fixed assets, prepaid expenses, revenue recognition, and accrued expenses directly within the general ledger, replacing spreadsheets and manual journal entries. It serves accountants and accounting firms with automated bookkeeping, reconciliations, and month-end financial reporting.
Zeni43 shared keywordsZeni provides AI-powered bookkeeping and accounting software paired with a dedicated team of finance experts, offering services such as automated data posting, reconciliation, bill pay, payroll management, tax, and fractional CFO support. It serves U.S.-based startups and enterprises through a subscription platform that syncs with QuickBooks Online.
Finlens43 shared keywordsFinlens 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.
HubiFi41 shared keywordsHubiFi provides revenue recognition and accounting automation software that reconciles subscription and usage-based revenue streams from payment processors like Stripe and posts audit-ready entries directly to ERPs. It handles complex billing models including pre-paid tokens, credit grants, and billed-in-arrears arrangements.
Cryptoworth38 shared keywordsCryptoworth provides crypto accounting and subledger software that connects on-chain blockchain data to a company's general ledger, syncing wallets and exchanges into a unified subledger. It targets finance teams, controllers, DeFi protocols, and DAOs, offering GAAP/IFRS-compliant reporting, cost-basis tracking, impairment testing, and ERP integrations.
DealHub37 shared keywordsDealHub provides a revenue platform that manages sales engagement touchpoints to improve buyer experience and sales team efficiency.
Companies competing with Truewind for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Frequently asked questions
- What does Truewind do?
- Truewind automates transaction coding, reconciliation, and close management for accounting teams by converting bank statements and workpapers into GL-ready journal entries and audit-ready schedules. The platform integrates with Sage Intacct and QuickBooks Online and serves accountants, family offices, nonprofits, and bookkeeping firms.
- Who founded Truewind?
- Truewind was founded by Alex Lee, Tennison Chan, Tennison C in 2023.
- Who are Truewind's investors?
- Truewind's investors include Beat Ventures, MyAsiaVC, Pathlight Ventures, Rho Ventures, Thomson Reuters Ventures, Y Combinator, Fin Capital, Hike Ventures.
- Where is Truewind headquartered?
- Truewind is headquartered in San Francisco, US.