intuition Acquired intellectual property (IP) and hired talent from financial data platform and tools providers proper finances.
The team members will join Intuit's FinTech and Small Business and Self-Employed Group (SBSEG) Money team to help “accelerate innovation,” Intuit announced Monday (March 11). blog post.
“Proper Finance brings deep expertise to help accelerate our ability to address this opportunity across the combined $188 billion addressable market of small businesses and self-employed groups.” james valleyssaid Intuit's senior vice president of fintech in a release.
Intuit's Money portfolio includes connected tools, expert services, and insights that accelerate the movement of funds and provide advanced money management capabilities for small and medium-sized businesses, according to the release.
Members of the Proper Finance team will bring their expertise in digital banking, payments, funds transfer, financial operations and infrastructure to their new roles in the money team, according to the release.
Proper Finance was founded in 2021 with the mission to “provide all businesses with the latest tools to achieve financial data integrity.” Kyle Maloneysaid Proper Finance's co-founder and CEO in a release.
When announcing the closure, seed round In June 2022, the company announced that its unified reconciliation and ledger data platform now enables fintech companies to manage their financial data and maintain complete financial accuracy.
“Joining Intuit brings us closer to our goal of improving the health of the financial ecosystem,” Maloney said in a press release Monday. “Together with Intuit, we will expand the impact of our expertise to help businesses move and track funds accurately and efficiently.”
In another recent development, Intuit announced new financial tools including: personal business During February. The new QuickBooks Solopreneur helps these entrepreneurs manage their finances, set goals, and prepare for tax time. Compatible with the QuickBooks mobile app for iOS and Android devices.
Intuit integrated TurboTax into two other products, Credit Karma and QuickBooks, in January. It said this is aimed at streamlining the tax preparation and filing process for individuals and individuals. Small and medium-sized enterprises. The new integration combines TurboTax's tax knowledge engine with filers' personal and financial data that already exists in Credit Karma or QuickBooks.
