Uplinq, a US-based bookkeeping solutions provider, announced that it has raised $5.6M in Seed funding to empower small-to-medium-sized business owners (SMBs) and help them manage bookkeeping.

AZ-VC led this latest financing, with participation from North Carolina-based Live Oak Ventures, the FinTech-focused venture arm of Wilmington. The funding round also includes additional investment from the Members of the Kuwaiti Royal Family and Merus Capital.

The newly-raised capital will be used in marketing, sales, engineering, and customer delivery to support the demand for its bookkeeping and financial intelligence solutions that helps small businesses (SMBs) manage bookkeeping and access financial data.

“We offer businesses a better way to get professional help through our proprietary technology, that not only makes bookkeeping worry-free for the business owner but also provides them with powerful data automation and machine learning to better understand their finances and how their business can improve,” Uplinq CEO Alex Glenn said in the released statement in the press release.

Founded in 2021, and based in Scottsdale, Arizona, Uplinq provides automated bookkeeping tax solutions and actionable financial intelligence. The goal is to help small business owners manage bookkeeping and provide a more streamlined way of accessing financial data. Uplinq integrates with over 10,000 financial institutions, payroll, accounting, point-of-sale, and HR vendors.

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