Matchstick Ventures-backed startup Bean emerges from stealth to democratize the market for accounting services
Bean, a Matchstick Ventures-backed digital accounting startup, announced it emerged from stealth to democratize the market for accounting services.
Bean’s SaaS enabled marketplace matches a network of elite accountants (only 4% of applicants get access) with CFOs and companies. A 2022 graduate of TechStars LA, Matchstick Ventures, Far Out Ventures and Acadian Ventures invested $1.7 million joined by angel investors and founders Wayne Chang and Jeff Seibert.
Though Bean is just emerging from stealth, it has already demonstrated traction in the market. Since its launch, Bean has completed more than 16,000 project hours for a client base of mostly high-growth technology companies with revenues between $50 million and $1 billion.
These companies turn to Bean for the drafting and preparation of annual 10Qs and 10Ks, quarterly and annual reports, financial statements, board decks, technical accounting memos and other specialized tasks typically handled by the Big 4 accounting firms.