Febi.ai, an indigenous AI business managing accounting and tax compliance, raised $2 million in pre-Series A funding from investors.
Investors involved in the funding round include Amit Chaudhary (Co-founder Lenskart), Padmaja Ruparel (Co-founder IAN), Rohan Bhargava (Co-founder Cashkaro), Rajat Jain (Chairman Fino Payments Bank), and others.
Febi.ai eliminates human data entry and inaccuracies in accounting and invoice verification through AI automation.
The funds will be used to enhance the AI system, acquire more clients, and expand the team.