Doesn't Quickbooks do the same thing?
Absolutely not! Intuit has reached out and connected to Ledgersync to be a data provider for Quickbooks Online. Ledgersync provides a whole slew of data that QuickBooks Online doesn't provide. Ledgersync is the only company that provides accountants access to: Checks, Deposits and Statements.
Is there Accounting market for Ledgersync?
The market for Ledgersync is huge and exhaustive. * There are over 3 Million CPA's in the US. ALL CPA's must access client data in order to do their accounting work. Ledgersync is a data stream provider of the foundational data that Accountants need in order to do their job. * Ledgersync also provides API services to Accounting Software Vendors * Ledgersync has generated well over $1M in revenue with less 500 Accounting firms
Can Ledgersync be expanded to other markets?
Yes and we will expand to other markets. The low hanging fruit is Accountants however, we plan to expand into the Lending market. Why? All Lenders require official bank statements in order to fund a loan. Ledgersync will be the a one click solution to fetch bank statements from borrower bank accounts.
Can Ledgersync get to profitability?.
Ledgersync is essentially profitable if we are to exclude CEO pay. The investment we seek is expected to fuel a 300% growth in Ledgersync's revenue.
Does Ledgersync have any competitors?
Ledgersync has one main competitor that was recently acquired.