venture funding heats up the practice management tech sector.
platform |
core focus |
tax integration |
payments |
client portal |
ai features |
notable backers/deals |
firm size target |
|---|---|---|---|---|---|---|---|
aiwyn |
unified pm + payments + tax |
yes (via taxa) |
yes |
yes |
yes (tax + workflows) |
kkr, bessemer, taxa, digilence |
midsize to large |
canopy |
tax-centric pm |
yes (native) |
partial |
yes |
yes (ocr, autofill) |
viking global, $70m series c |
small to midsize |
karbon |
workflow + collaboration |
no |
no |
yes |
yes (email triage) |
five elms capital, acquisition-ready |
midsize to large |
client hub |
client experience + workflow |
no |
no |
yes |
no |
independent |
small firms |
financial cents |
simplicity + affordability |
no |
no |
yes |
no |
bootstrapped |
small firms |
taxdome |
all-in-one for tax firms |
yes (native) |
yes |
yes |
partial |
fast-growing, self-funded |
small to midsize |
xero practice manager |
cloud pm tied to xero |
no |
no |
yes |
no |
xero |
small to midsize |
compared: key movers and shakers in the practice management maelstrom.
by 卡塔尔世界杯常规比赛时间 research
backed by new capital and a wave of strategic acquisitions, aiwyn is accelerating its expansion in accounting technology.
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with support from kkr and bessemer venture partners, charlotte-based aiwyn is positioning itself as a comprehensive platform for practice management, client engagement, payments, and tax automation, targeting mid-to-large firms seeking a more integrated tech stack.
the company is adding taxa, an ai-powered tax platform now rebranded as aiwyn tax. founder levi morehouse is joining aiwyn as president and board member, taking charge of technology, revenue, and operations. aiwyn is also buckling up with digilence, a systems integration and workflow automation firm. former digilence ceo chad osgood is becoming aiwyn’s vp of services and innovation.
these additions reflect aiwyn’s strategy to unify fragmented point solutions into a scalable platform, now with four core components: aiwyn payments, for invoicing, reconciliation, and digital payment tools; aiwyn practice, with time tracking, billing, and resource planning; aiwyn experience, offering client portals, e-signatures, and secure communications; and aiwyn tax, ai-enabled tax preparation and review.
morehouse says the tools don’t just digitize workflows, but are designed to reshape them, reduce operational friction, and improve the client experience. “the profession is ready for a modern, integrated platform that doesn’t just digitize workflows but rethinks them entirely,” he says. with this team, this capital, and this vision, we’re building the future platform for the firms that are shaping it.”
ceo and co-founder justin adams frames the launch as reimagining what’s possible—not a product update, but a generational leap. “we’re not just connecting dots, we’re redrawing the map.”
as more accounting firms seek efficiency through integration, the competition to become the profession’s “operating system” is intensifying, and aiwyn is entering a crowded field with established contenders.
backed by viking global investors and others, canopy leads in tax-centric features and is strengthening its position with substantial funding. in may 2024, it raised $35 million in an oversubscribed round led by ten coves capital and ankona capital. in april, it followed up with a $70 million series c round led by viking.
ceo davis bell speaks often about canopy’s focus on ai-driven transformation. “this frees up time and resources and generates insights that help firms better serve clients, increase profitability, and reduce team burnout,” says canopy ceo davis bell. “as the operating system for accounting firms, canopy is the natural starting point for the ai transformation of the industry.”
taxdome may be the most comprehensive “all-in-one” option for growing and mid-size firms. karbon and financial cents market workflow and collaboration, but lack tax and payment tools. client hub and xero practice manager focus on client interaction and work tracking rather than full operational unification.
while others stitch together point tools, aiwyn is building a natively unified platform aimed at firms that have outgrown entry-level solutions but want more flexibility than traditional enterprise systems. the company says it is investing in r&d, with automation and payments at the center of its roadmap—two areas it sees as key to the future of accounting firm technology.