2020 Lineup Announced for Startup Accelerator Tied to Accounting Innovation

Four Early-Stage Companies to Receive Guidance from the Association of International Certified Professional Accountants and CPA.com

NEW YORK--(BUSINESS WIRE)--Four early-stage companies pursuing various solutions involving digital assets, climate risk, automation and artificial intelligence will form the 2020 cohort for an accounting-focused startup accelerator sponsored by the Association of International Certified Professional Accountants (the Association) and CPA.com.

The startup accelerator, begun in 2017, is designed to promote innovation in the accounting profession and give the Association and CPA.com more visibility into disruptive trends from emerging technologies. Finalists get a nominal funding investment and guidance from a panel of experts in the profession on marketplace needs.

“Many of these early-stage companies are offering a glimpse into the transforming capabilities of the profession,” said Erik Asgeirsson, president and CEO of CPA.com. “We have a common interest in nurturing that growth and ensuring that accountants have the best access to technological innovation.” The members of this year’s group are:

• The Climate Service - The North Carolina company has developed a cloud-based solution to help companies measure, manage and disclose climate-related financial risks
• Gilded - The New Orleans company offers seamless invoicing, payments, and accounting for global businesses-powered by blockchain
• Scanye – The European company uses intelligent algorithms to automate document processing, accounting and finance management for small to medium-sized enterprises
• Tally Street – The Boston-based startup created a “virtual analyst” to help businesses boost cash flow by using accounting data to find opportunities and anticipate problems before they happen

Each accelerator company will be able to present information about their business in June at ENGAGE 2020, a leading event for the accounting profession sponsored by the American Institute of CPAs (AICPA) and the Chartered Institute of Management Accountants (CIMA).

“We’ve heard from our previous accelerator companies what a great opportunity it has been to work with some of the leading thought leaders and influencers in the profession,” said Lawson Carmichael, chief operating officer of the Association. “And the companies have offered us great insight in return.”

For more information about the startup accelerator, please visit aicpa-cima.com/accelerator.

About CPA.com

CPA.com brings innovative solutions to the accounting profession, either in partnership with leading providers or directly through its own development. The company has established itself as a thought leader on emerging technologies and as the trusted business advisor to practitioners in the United States, with a growing global focus. Our company’s core mission is to drive the transformation of practice areas, advance the technology ecosystem for the profession, and lead technology research and innovation efforts for practitioners.

A subsidiary of the American Institute of CPAs, the company is also part of the Association of International Certified Professional Accountants, the world’s most influential organization representing the profession. For more information, visit CPA.com.

About the Association of International Certified Professional Accountants

The Association of International Certified Professional Accountants (the Association) is the most influential body of professional accountants, combining the strengths of the American Institute of CPAs (AICPA) and The Chartered Institute of Management Accountants (CIMA) to power opportunity, trust and prosperity for people, businesses and economies worldwide. It represents 657,000 members and students across 179 countries and territories in public and management accounting and advocates for the public interest and business sustainability on current and emerging issues. With broad reach, rigor and resources, the Association advances the reputation, employability and quality of CPAs, CGMAs and accounting and finance professionals globally.