CIBC Innovation Banking provided growth capital financing to ConnectCPA, a provider of cloud-based accounting and bookkeeping services. The financing will be used to propel ConnectCPA’s product development and expand its market footprint.
Founded in 2013, ConnectCPA is an online-based external finance department for scaling companies that provides clients with real-time financial insights while facilitating more streamlined business decisions for founders and finance teams.
“Traditional accounting methods can be complex and time-consuming for many businesses,” Mike Pinkus, co-founder of ConnectCPA, said. “Our platform is designed to simplify these processes by offering efficient, real-time, and proactive accounting solutions. The backing from CIBC Innovation Banking is a significant step forward in our growth journey.”
“We’re particularly excited to support ConnectCPA’s efforts to redefine accounting and financial management through innovative digital strategies,” Robert Rosen, managing director at CIBC Innovation Banking, said. “ConnectCPA is filling a gap as more companies look to streamline bookkeeping.”
