Z

Zeni

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Company Research Report: Zeni Inc.



Company Overview



Name: Zeni Inc.

Mission of the Company: Changing the future of finance, one startup at a time.

Founded: Founded by Swapnil Shinde and Snehal Shinde.

Key People:
  • Swapnil Shinde, CEO & Co-Founder

  • Snehal Shinde, CPO & Co-Founder

  • Arman Zand, Chief Financial Officer

  • Megan Prince, Chief Revenue Officer

  • Mangesh Garud, VP of India Operations

  • Sunil Chandurkar, VP of Engineering

  • Ben Ashworth, VP of Marketing

  • Scott Whitehead, VP of Strategy & Partnerships


Headquarters: 420 Florence St, Suite 300, Palo Alto, CA 94301.

Number of Employees: No information is available.

Revenue: No information is available.

What is the Company Known For: Zeni is known for its AI-powered bookkeeping and financial operations platform designed specifically for startups. The company combines artificial intelligence and a dedicated finance team to manage every financial need of a startup, from daily bookkeeping to strategic financial planning.

Products



Zeni’s AI-Powered Financial Operations Platform

1. AI Bookkeeping
  • High-Level Description: Provides real-time financial insights via an all-in-one dashboard.

  • Key Features:

  • Auto-categorization of transactions

  • Real-time dashboard for financial metrics and reports


2. Zeni Dashboard
  • High-Level Description: A central hub for all financial operations.

  • Key Features:

  • Real-time financial KPIs

  • Operating expenses insights

  • Burn rate calculation

  • Investor-ready reports

  • Forecasting and budgeting tools


3. Bill Payments
  • High-Level Description: Speed up domestic and international vendor payments using AI.

  • Key Features:

  • AI-powered invoice processing

  • Real-time updates

  • Multi-level approval flows

  • $0 same-day ACH fees

  • International wire transfers


4. Reimbursements
  • High-Level Description: AI-powered driver for fast employee reimbursements.

  • Key Features:

  • Auto-capture receipt details

  • Same-day ACH payouts

  • Multi-level approval workflows

  • Cost-effective with no added software fees


5. Business Checking Accounts
  • High-Level Description: AI-enhanced business checking accounts.

  • Key Features:

  • AI-driven transaction categorization

  • Up to 4.05% APY

  • $3M FDIC insurance

  • Free wire transfers (Domestic & International)


6. Credit Cards
  • High-Level Description: Simplified expense management with AI-enhanced business credit cards.

  • Key Features:

  • Save smart and spend wisely

  • Expense simplification


Additional Financial Services

1. Fractional CFO
  • High-Level Description: Provides comprehensive financial guidance for strategic planning.

  • Key Features:

  • Financial modeling and budgeting

  • Fundraising support

  • Board meeting preparation

  • Day-to-day operations management


2. Tax Services
  • High-Level Description: Professional tax services to ensure compliance and maximize credits.

  • Key Features:

  • Annual tax filings

  • Access to tax experts

  • Federal R&D Tax Credits


3. Payroll
  • High-Level Description: Payroll system management and support.

  • Key Features:

  • Employee onboarding and termination

  • Payroll system compliance


Recent Developments



Recent Product Launches and Features:
  • Zeni Bill Pay: Introduced as the fastest way to automate accounts payable and pay vendors.

  • Key Features and Improvements: Free same-day ACH payments, international wire transfers, multi-level approval flows, and better financial visibility via a real-time dashboard.


  • Zeni Reimbursements: Launched to streamline the employee reimbursement process.

  • Key Features and Improvements: AI-powered automation for faster payouts, expense tracking, policy compliance, and fraud detection.


  • Zeni AI Business Checking Accounts: Enhanced with up to 4.05% APY and $3M FDIC insurance coverage.

  • Coming Features: Planning to add local currency payouts for international transactions.


Partnerships:
  • Zeni partnered with Thread Bank to provide banking services and FDIC insurance.


Transactions Managed:
  • $1.3B in transactions managed monthly by Zeni.


Conclusion



This comprehensive market research report showcases Zeni Inc.'s position as an innovative leader in AI-powered financial operations platforms for startups. With a range of products and services tailored to meet the financial management needs of modern startups, Zeni leverages both automation and expert human support to provide unparalleled financial clarity and efficiency.