Digits Welcomes Basis
At Digits, we're on a mission to reimagine accounting, and all of its related workflows. We save you hours and bring you peace of mind, so you can get back to what matters most—building and growing your business.
Higher cost of capital has resulted in a tightening fundraising environment. The importance of extending runway has become crystal clear to founders in 2024.
What isn’t so clear is how to plan for the future without pouring fifteen hours into a spreadsheet. Over the past six months, we’ve received countless requests from founders and accounting firms asking us to extend Digits into budgeting and financial planning to ease their burden.
Today, I’m excited to announce that Digits has acquired Basis Finance, and we will be bringing the full power of their budgeting and forecasting platform into Digits!
Most people think of Digits as an AI-native accounting platform. What they don’t know is that Digits is also an FP&A-native accounting platform. Combining what Digits has built with what Basis has built is the FP&A holy grail.
— Bebe Kim, co-founder and CEO of Basis
Today's leading accounting systems were designed over 20 years ago. Their focus on financial use cases is deeply entrenched at the transactional level. Digits was built with operators in mind. Transactions are stored in an object-oriented database. Unlike flat-file databases, this type of database excels at appending and connecting financial, operational and analytical attributes gathered throughout the company’s business journey.
Digits is the accounting platform that founders are excited to log into. They explore financial transactions like they would in a modern BI tool and control views using granular permissions.
We could not be more excited to welcome the Basis team to Digits to build this future together, and both Basis co-founders are continuing their work at Digits following the acquisition. Basis CEO Bebe Kim will be joining the Digits leadership team as our new Head of Marketing and Basis CTO Carlos Gil will be leading the technology integration with our FP&A team.
Experience Digits Today
We can’t wait to show you what we build together. To see how founders and accountants are using Digits today, book a demo with us.
Jeff Seibert
Co-Founder & CEO
@jeffseibert
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