The Founders met when they both started their careers as Investment Banking Analysts at J.P. Morgan in New York after graduating from college. When not working late into the night, they would discuss common problems that they both saw in the financial modeling process. Namely a lack of standardization in building financial models, a high degree of data entry, version control issues and poor collaboration tools.
In 2015, the Founders launched a consulting business to provide financial modeling services to small and medium sized businesses. Experiences with these clients reaffirmed the Founders’ beliefs that they were not the only ones who were struggling with financial modeling problems.
In 2018, the Founders realized that Machine Learning had advanced to the point where they could solve many of the problems people faced in the financial modeling process. They raised Angel capital from a Partner at Motley Fool Ventures in 2019 to build the initial machine learning-based product.