Quanta Raises $20M to Automate Your Accounting Close

Welcome to another episode of The SaaS CFO Podcast! Today, host Ben Murray sits down with Helen Hastings, founder and CEO of Quanta, an AI-powered accounting service and finance platform designed specifically for software and SaaS companies. In this conversation, Helen Hastings shares her unique journey from software engineer to founder, recounting her transition into the world of finance automation after building internal accounting systems at Affirm. She pulls back the curtain on Quanta’s innovative blend of both product and service, walking us through how her team leverages in-house technology and automation to offer full-service accounting and reporting for early-stage and growth-stage companies.

We delve into what sets Quanta apart—its proprietary general ledger, instant onboarding for startups, and a vision for real-time, intelligent financial insights without the typical growing pains of legacy systems. Ben Murray and Helen Hastings also talk candidly about fundraising lessons, the importance of storytelling in venture capital, and what’s ahead as Quanta gears up to launch a standalone software product. If you’re a founder, a SaaS finance leader, or just fascinated by the future of accounting tech, this episode is packed with firsthand insights you won’t want to miss.

Show Notes:

00:00 Engineers and Accountants: Kindred Spirits

03:28 Automated Accounting & Reporting Solution

08:18 "Growing with Our Customers"

10:28 Business Setup Time Variability

15:13 "The Power of Storytelling"

19:27 Flat-Rate AI Subscription Model

20:40 "Product Usage & NRR Focus"

23:26 "Find Helen at UseQuanta"

Links:

SaaS Fundraising Stories: https://www.thesaasnews.com/news/quanta-raises-4-7-million-in-seed-round

Helen Hastings’ LinkedIn: https://www.linkedin.com/in/helenbhastings/