Bluecopa, a finance operations automation platform, has secured $2.3 million in seed round of funding from T-Hub’s funding initiative T-Fund and Blume Ventures. Other investors such as Titan Capital, T2D3, Amplify, Force Ventures, Krish Subramanian, Rajaraman Santhanam, Rohit Chennamaneni, Asad Khan and Jay Singh have also participated in this round.
According to Bluecopa, the fresh funds will be implemented to enhance the platform’s capabilities, hire talent and grow the company’s consumer base.
Founded by Raghavendra Reddy, Satyaprakash Buddhavarapu, and NIloptal Chanda in 2021, Bluecopa is a finance operations automation platform built for finance teams in high-growth companies. It helps CFOs and finance leaders get a real-time view of all the business KPIs, get actionable insights and provide strategic direction to business leaders.
Bluecopa manages day-to-day finance operations such as business planning, scenario modelling, variance analysis, intelligent alerts, reconciliation and more. The company accelerates the digitisation of the finance function in order to manage the scale and complexity by providing an easy-to-use excel-like interface which claims to process millions of transactions in real time.