Kick raises $20M to supercharge AI-powered accounting
Kick secures $20 million from Felicis, GV, and OpenAI Startup Fund to build the AI-native accounting firm of the future
Kick, the AI-native accounting platform, has raised a fresh $20 million round led by Felicis and GV (Google Ventures), with continued support from General Catalyst and the OpenAI Startup Fund. Launched just a year ago, Kick’s pitch was bold but simple: “accounting software that does the work for you.” Today, it’s delivering on that promise—serving over 3,000 businesses and helping accounting firms scale with radically fewer human resources.
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At the core of Kick’s value is a staggering metric: one bookkeeper now manages 311 clients—more than 10x the traditional industry average of 30. This efficiency is made possible through deep technical infrastructure: a proprietary multi-ledger system, automated document imports, AI-powered reconciliation workflows, and native integrations with platforms like Stripe, Gusto, PayPal, Ramp, and 12,000+ banks via Plaid.
Kick is now launching its Accountant AI Program, offering firm owners free onboarding, Slack community access, migration support, and even referrals—starting with five new firms per week from a waitlist of over 1,000. The broader vision? To transform the industry from a people-heavy service into an AI-powered advisory layer.
What used to require entire teams is now being handled by a lean, software-first approach. By narrowing their focus from monthly to annual close cycles and partnering with firms for industry-specific needs, Kick has unlocked higher margins—40–60% versus the typical 20–30%—and enabled firm valuations of up to 3x revenue, compared to the traditional 1x benchmark.
This isn’t just automation—it’s a reinvention of the accounting firm business model. In Kick’s world, bookkeepers become reviewers, firms own the full client relationship, and niche expertise becomes the differentiator. The AI-first approach allows firms to scale without burnout, freeing them to offer higher-margin advisory services and custom financial tools.
Backed by some of the most forward-looking funds in tech, Kick is now shaping what the future of accounting looks like: AI-powered, hyper-efficient, and increasingly valuable.
