Pilot
Founded Year
2016Stage
Series C - II | AliveTotal Raised
$161.3MValuation
$0000Last Raised
$40M | 4 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-41 points in the past 30 days
About Pilot
Pilot provides bookkeeping, tax, and chief financial officer (CFO) services to startups and small businesses. It manages users' financial recordkeeping, including invoicing, expense tracking, bank reconciliation, and more. It offers solutions for startups, consumer goods retail companies, and more. It was formerly known as Zapgram. It was founded in 2017 and is based in San Francisco, California.
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Pilot's Products & Differentiators
Bookkeeping
Pilot Bookkeeping helps SMBs complete the monthly close process to generate financial statements needed to track the business' growth.
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Research containing Pilot
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Pilot in 1 CB Insights research brief, most recently on Mar 30, 2022.
Expert Collections containing Pilot
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Pilot is included in 4 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,257 items
SMB Fintech
2,003 items
Fintech
9,394 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Fintech 100
749 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Latest Pilot News
Dec 12, 2024
Blink Payment integrates with Business Pilot Thursday 12 December 2024 08:38 CET | News UK-based payment technology platform Blink Payment has announced an integration with Business Pilot . Business Pilot is an enterprise resource planning (ERP) system designed for the fitting and installer industries. The partnership aims to streamline payment processes for contractors, addressing persistent issues with late payments that can significantly impact the sector. According to the official press release, the UK fitting and construction industries have faced severe cash flow challenges due to delayed payments. Recent data shows that 69% of contractors experience payment delays of up to 60 days after invoicing, and 74% report financial strain as a direct result. Late payments have also been linked to 28% of insolvencies in the UK construction sector last year, with many contractors relying on personal savings, credit cards, and retirement funds to maintain operations. Integration to enable faster payments Business Pilot offers tools for fitters and installers, including invoice management. Historically, contractors have relied on bank transfers for invoice settlements, a method often associated with delays. The integration with Blink Payment introduces Open Banking and card payment options through invoice-linked payment methods. This feature enables contractors’ customers to make faster and more convenient payments, both for completed work and upfront deposits. The official press release points to research that indicates invoices containing payment links are paid approximately three times faster than traditional methods, with 40% of customers settling payments within 24 hours compared to just 5% using standard bank transfers. Additionally, the automation of payment processing reduces the manual effort and errors associated with bank transfers. According to PwC, finance teams spend about 30% of their time on manual reconciliation, with error rates between 0.8% and 1.8%. The partnership expands Blink Payment’s reach within the fitting and installation sector. The company is already integrated with 25 enterprise software systems across various industries, including hospitality, retail, and professional services. Officials from Blink Payment highlighted the importance of addressing payment challenges in the sector. In turn, representatives from Business Pilot emphasised the partnership’s role in enhancing efficiency. Free Headlines in your E-mail Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Pilot Frequently Asked Questions (FAQ)
When was Pilot founded?
Pilot was founded in 2016.
Where is Pilot's headquarters?
Pilot's headquarters is located at 353 Sacramento Street, San Francisco.
What is Pilot's latest funding round?
Pilot's latest funding round is Series C - II.
How much did Pilot raise?
Pilot raised a total of $161.3M.
Who are the investors of Pilot?
Investors of Pilot include Index Ventures, Sequoia Capital, Bezos Expeditions, Whale Rock Capital Management, Geodesic Capital and 20 more.
Who are Pilot's competitors?
Competitors of Pilot include Bench, Fondo, Marcum, Finaloop, Pennylane and 7 more.
What products does Pilot offer?
Pilot's products include Bookkeeping and 4 more.
Who are Pilot's customers?
Customers of Pilot include Pinch of Yum, Medcorder, Online Stampede, Trash and Passage AI.
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Compare Pilot to Competitors
Bookkeeper360 is a financial technology company that provides bookkeeping, accounting, and advisory services for small to medium-sized businesses. The company offers various financial solutions including accounting, payroll, tax, and advisory services, supported by software that delivers financial dashboards and insights. Bookkeeper360 serves sectors such as eCommerce, SaaS, service industries, healthcare, real estate, nonprofit, and cryptocurrency. It was founded in 2012 and is based in Woodbury, New York.
Digits specializes in automated accounting solutions within the financial technology sector. It offers a suite of services, including AI-powered bookkeeping, bill payment, and financial analysis designed to provide intuitive and real-time insights for businesses. Digits primarily serves technology startups and accounting firms looking to streamline their financial processes. It was founded in 2018 and is based in San Francisco, California.
SALAMNDR Group provides financial guidance and operational CFO services for startups. Its offerings include building finance organizations, financial modeling, fundraising strategy, and creating key performance indicators and processes. The company primarily serves startups at the Pre-Seed to Series A stages, offering a flat fee for CFO services without the unpredictability of hourly rates. It was founded in 2019 and is based in Charlotte, North Carolina.
Docyt provides bookkeeping solutions within the financial technology sector. The company has an AI bookkeeping platform that automates financial processes such as expense management, revenue reconciliation, month-end closing, and real-time financial reporting. Docyt's services serve accounting firms, hospitality, retail, franchise management, and startups. It was founded in 2016 and is based in Santa Clara, California.
Intuit QuickBooks provides cloud-based accounting solutions for businesses across various sectors. The company offers financial management tools including invoicing, billing, payroll processing, and financial reporting. Intuit QuickBooks serves small to medium-sized businesses that require accounting and bookkeeping services. It was founded in 1983 and is based in Mountain View, California. Intuit QuickBooks operates as a subsidiary of Intuit.
Kruze Consulting is a CPA firm that provides accounting, tax, finance, and HR consulting services to venture capital backed startups. The company offers services including monthly bookkeeping, tax advisory, CFO consulting, and financial modeling to assist startups with financial due diligence and exits. It was founded in 2012 and is based in San Francisco, California.
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