US fintech start-up Paro lands $25m Series C funding
Chicago-based fintech start-up Paro, which provides access to on-demand finance and accounting expertise, has secured $25 million in Series C funding.
Paro raises $25 million in Series C funding
The round was led by Top Tier Capital Partners, with participation from existing investors Madrona Venture Group, Revolution Ventures, and Sierra Ventures. With the latest funding, Paro has raised $67 million to date. The start-up last raised $25 million in a Series B funding round held in July 2021.
Paro was founded in 2015 and operates an artificial intelligence (AI) led marketplace delivering finance and accounting solutions to businesses. Features of its platform include transaction processing support, corporate development and financing strategy to solve core business challenges and drive growth.
With the new funding, Paro plans to accelerate its growth with existing clients and bringing its platform to more businesses seeking its services as well as scale its product development.
“The flexibility to tap on-demand experts with specialised financial knowledge within timing and cost constraints is something that every company is looking for right now,” says Anita Samojednik, CEO of Paro.
“We help small businesses to large enterprises quickly access flexible and dynamic talent to achieve their goals.”
