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Finmark — Financial modeling for startups, made easy
Finmark takes complex financial concepts & calculations and distills them down into a simple to use interface so startups can easily create and share their financial plans, manage burn rate and cash, forecast revenue and expenses, and plan for fundraising.
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Galen King
Do you support multiple Xero accounts? We have two teams in different countries and would need to aggregate financial data.
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@galenking My sincere apologies for the delayed response. Right now we dont but happy to add it to our roadmap. Also, we do have a upload csv option so maybe that could be a shortcut? Download data into csv from both accounts, merge, upload.
Congratulations Rami and the Finmark team! Would love to see how we can get the team at Crunchbase on this.
@andrew_berman If you'd to be kept up to date on our progress you can sign up for updates from our blog https://finmark.com/blog/. Or, you could sign up for an account and watch first hand as we make progress :)
Hi Product Hunt! 👋🏼 Thank you Kat for hunting.
A bad financial model almost killed my last company. I learned first hand that financial modelling for startups is difficult, time-consuming, and error prone. Most startups use Excel for financial modelling, but spreadsheets are poor for collaboration and version control is a nightmare.
We knew something better was needed, so we built it.
We built Finmark so that anyone, not just finance pros, can easily make and update a financial model without having to spend weeks laboring over complicated spreadsheets. We also built in safeguards so that the mistakes and errors that so easily happen in spreadsheets don’t plague you in Finmark.
Finmark makes it easy for startups to:
✅ Create, update, and share their financial plans
✅ Manage burn rate and cash
✅ Forecast revenue and expenses
✅ Plan for fundraising
Hopefully no founder ever again has to experience the pains I felt!
@ramiessaid wow what a great idea! I mean it would save alot of time to the founders and VCs! Kudos
Hey @ramiessaid, your product looks super interesting but the pricing is intimidating...
Nice idea, congrats!
I hope you keep going and this tool could help many entrepreneurs. As a mentor for startups in Latam I am sure that many of them could get help to get off the ground , specially if you rethink a little your pricing strategy for a more ample public. (I loved the slider!).
I would like also you to explore the idea of creating a referral model or something that could drive counselors like me to spread the word.
Regards
Andres / achiodi -at- AlValor.com
@peter_neyra Not at all; you just need to understand your business. If you need help, then a team member is happy to walk you through setting up your initial model for free. It should take no more than 30-60 minutes to have you fully set up.
Maybe Finmark can add some blogs or videos to help startup to know the importance of the financial modal and how to use the tool to solve these problems.
Great product, amazing team !
Thanks for helping with financial forecasts,
Finmark is really helpful for day-to-day analysis as well as fundraising plans,
Thanks Finmark!!
This is awesome, congrats on the launch! Super helpful navigating this stuff for founders without as much fundraising experience
@warmlycomma @max_greenwald Make sure to mention product hunt in where you heard about us! Anyone that signs up through product hunt today and shares our launch socially will skip the waitlist and get access today! We also are happy to jump on with you to walk you through the product if you need any guidance or help.
I signed up through the Producthunt link, but still waitlisting me. How do we share exactly, to get access - just tweet out or is there a process?
@noureddine_lakehal Instead of tackling one bank at a time, we're working on a plaid integration to give us close to universal access to all banks.
Finmark has changed the way we think about our finances. In just under 2 months of using it, we're already making better-informed decisions on what we do with our money. Thanks @ramiessaid and team! 🙌