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Jenesys AI Secures $1.1M for B2B Accounting Breakthrough

Jenesys AI has raised $1.1 million in pre-seed capital for its groundbreaking B2B accounting solutions. The startup, led by Nicolai Thomson and Tosin Dairo, focuses on redefining AI's role in financial back-office processes, particularly in invoice management and payments. The funding, led by Twin Path Ventures and supported by Antler, Fuel Ventures, Hatcher+, and angel investors, will further enhance the capabilities of Jenesys AI's AI co-pilot 'Jack' and expand international payment compliance.

The infusion of funds will be directed towards engineering, improving client success, and addressing major financial management inefficiencies. Jenesys AI's platform, which already serves over three thousand clients, aims to accelerate supply chain payments, making them faster and more efficient than conventional methods. Notably, the startup recently acquired digital TaxTech startup VAT Key, backed by Andreessen Horowitz Scout, and welcomed Jonathan Bredo as Strategy Manager, showcasing a commitment to strategic growth.

CEO Nicolai Thomson emphasizes the moral significance of incorporating AI into finance, stating that outsourcing work to low-cost labor is a missed opportunity to leverage AI for efficiency and accuracy at a lower cost. Co-founder Tosin Dairo highlights the promising prospects of AI in financial operations, drawing parallels with developments like ChatGPT.

Overall, Jenesys AI's dedication to leveraging AI for transformative financial solutions positions the startup as a key player in reshaping the future of B2B accounting.