BeyondSquare Solutions, company behind its flagship finance and accounting product FinAlyzer, said it has raised $4 million in its Series A funding round led by Avant Global Corporation.

The Bengaluru-based startup will use the fresh capital to strengthen FinAlyzer's core capabilities by expanding automation, deepening compliance intelligence, and enhancing scalability for enterprises with complex reporting structures, it said in a statement. 

The company also plans to extend its international footprint, particularly in the Middle East, Europe and Southeast Asia.

The startup was founded by Karthik Ganeshan, Venkatachalam PK, and Rangan Varadan in 2010. The company focuses on solving challenges in financial reporting, analytics, and decision-making. Its product FinAlyzer, helps streamline consolidation and reporting by integrating with multiple ERP and accounting systems, it explained.

"From the outset, our ambition at FinAlyzer has been bold — to transform the way enterprises approach financial reporting and consolidation by making it real-time, autonomous, and insight-driven," said Venkatachalam PK, co-founder & CEO, BeyondSquare Solutions

"This partnership reflects our commitment to innovation and our Be Global vision," Gen Nagata, CEO of Diva Corporation and Group Chief Business Officer, Avant Global Corporation.

 

According to Credence Research, the global financial consolidation software segment is projected to grow from $3.2 billion in 2024 to $6.4 billion by 2032, at a CAGR of around 11-11.4%.

 

This growth reflects the increasing demand for automated financial reporting solutions as enterprises seek to enhance governance and reduce operational complexities.