TL;DR
Coalesc is building the missing layer of financial infrastructure: the one that connects every receipt, invoice, and bank statement to the systems that move money. We're starting with accounting firms, automating the document chaos that slows them down, and using that position to build the data foundation for how financial operations will run in the future. While others own the payment rails, we're building the data rails beneath them.
Where We Are
We started in the trenches, with accountants and bookkeepers.
If you've ever spent a day in an accounting firm, you've seen it: inboxes full of receipts, folders named "scan001.pdf," and staff manually reconciling transactions one by one in Excel. It's repetitive, fragile, and invisible, yet it's the foundation every business relies on.
Accounting firms are the quiet infrastructure of business. They process thousands of documents every month for hundreds of clients, across industries from restaurants to construction. They don't just keep books; they keep order.
And yet, their tools haven't evolved much in twenty years. Emails, folders, Excel sheets. That's still the norm.
We started there because accounting firms sit at the center of financial gravity. They handle the data every business depends on, but few tools are built around them. Serving them gives us something incredibly powerful:
- Access to a massive and diverse stream of real financial data
- Deep insight into how financial workflows actually run
- Built-in distribution through the clients they already serve
Each new firm brings dozens of SMBs downstream, giving us organic reach without traditional acquisition costs.
What We're Building
An accountant forwards 200 PDFs to Coalesc. Within seconds, they're renamed, categorized, and exported as an Excel ledger ready for tax filing. What took half a day now takes a minute.
That's what we're building: an AI-powered data layer that turns document chaos into structured workflows. Documents from dozens of clients are ingested, processed, and organized in one place: consistently, accurately, and securely.
We've already built two free tools (the Bank Statement Converter and the Receipt Sorter) to prove this need. They took off faster than expected, showing that even small automations can create massive time savings for firms. Each one acts as a magnet, pulling in accountants who want relief from repetitive tasks, while naturally introducing them to Coalesc as the larger solution.
This bottoms-up approach works because it starts with immediate, undeniable value.
Why This Matters
Fintech's biggest players built their empires by owning the flow of money. Stripe simplified payments. Ramp made spending programmable. Plaid connected the pipes.
ERPs like QuickBooks and NetSuite own the ledgers. But they don't see the messy, pre-accounting world: the receipts, invoices, and statements that feed those ledgers. That's where Coalesc lives. The layer before the ledger, where financial truth is first created.
That's where we come in.
Documents are where transactions begin. They contain the earliest and truest form of financial intent, before it hits an accounting system. Once you control how those documents are captured, structured, and connected, you control the financial graph of an organization.
This opens the door to a powerful sequence of innovation:
- Automate document intake and extraction
- Automate reconciliation between documents and bank transactions
- Enable payments and procurement directly from the same layer
Each step compounds. Every improvement builds on the same core data foundation.
The hard part isn't the AI — it's earning trust in a space where accuracy and confidentiality are sacred. Every shortcut breaks something. Every new client tests our reliability. Every overnight success takes ten years.
And unlike consumer fintech, the infrastructure layer remains unbuilt. Tools exist for individual tasks — extraction, bill pay, bookkeeping. But no one owns the connective tissue: the learning system that makes every document smarter than the last.
This isn't a space that rewards hype. It rewards execution.
Where We're Going
We're starting with document automation, but that's only phase one.
Once we own document ingestion, we'll move into reconciliation, matching every receipt and invoice to its corresponding transaction. Then payments, enabling firms and businesses to pay vendors directly from verified data. Then procurement.
Over time, Coalesc learns from how firms categorize and reconcile their clients' data. That collective intelligence becomes a feedback loop, allowing the system to suggest, for example, when a restaurant is paying 15% more for produce than similar businesses, or when a construction company could reclaim unclaimed tax credits others already captured. That's the quiet power of the data layer: it compounds with every document processed, turning raw inputs into operational insight.
Each layer compounds on the last. It's not a pivot; it's a progression.
Every business in the world generates financial documents. We want to make that data universally usable: structured, connected, and intelligent from the moment it's created.
Ten years from now, the needs will be the same: clean data, faster workflows, and complete trust in financial records. The tools will change, but those constants won't. That's what we're building around.
The world doesn't need another dashboard. It needs a backbone. A system that makes financial data flow as naturally as money itself.
That's what we're building at Coalesc. And we're just getting started.