Fintastic Raises $12 Million in Seed Round  

by Kay Aloha Villamor in October 10th, 2022

Fintastic, a Tel Aviv, Israel-based FP&A solution that uses probability science and risk-derived planning to give actionable insights and recommendations, announced that it raised $12 million in seed funding.

The round was led by Group 11, with participation from BGV ventures and additional angel investors, including public company CFOs and high-profile operators.

Fintastic has emerged out of stealth mode and is announcing the launch of its full-fledged Smart Product, the world's first AI-driven FP&A system. This tool supports organizations' planning and analysis needs, including real-time data sync with other systems, multiple plans, forecasts, and scenarios management; robust models' assumptions; reports from high-level views to the most granular drill-downs; collaboration; and insights—all at scale.

"We're introducing a new approach in the FP&A world. We use probability science and risk derivative planning to provide actionable insights and recommendations that will forever improve the way companies make decisions," said Jonathan Einav, Co-Founder & CEO.

The company is surrounded by top-notch active contributors like Ken Goldman, ex-Yahoo & Fortinet CFO; Bryan J. LeBlanc, WindRiver & ex-Jive CFO; and Paul Malchiolree, ex-Anaplan CRO.

Company: Fintastic Technologies, Inc.

Raised: $12.0M

Round: Seed Round

Funding Month: October 2022

Lead Investors: Group 11

Additional Investors: BGV ventures

Company Website:

Software Category: FP&A Software

About the Company: Founded in 2021 by Jonathan Einav, Co-Founder and CEO; Eric Shellef, Ph.D., Co-Founder and CTO; and Hamutal Anavi Russo, Co-Founder, and COO, with the ambition to disrupt the corporate performance management market. Fintastic is a complete FP&A solution that uses probability science and risk-derived planning to give actionable insights and recommendations that turn your data and financial model into real business value. Fintastic is built on three main pillars: client flexibility, closing the gap between planning and analysis, and delivering insights. It uses advanced AI, which enables state-of-the-art anomaly monitoring, trend detection, and risk-derived planning optimization, powering the world's first Smart FP&A solution. Fintastic is trusted by some of today's fastest-growing companies, such as Lattice, HiBob, Claroty, GlassBox, and others. Fintastic is headquartered in Tel Aviv, Israel.


Your cart

We value your privacy

We use cookies to customize your browsing experience, serve personalized ads or content, and analyze traffic to our site.