Concourse Raises $17M to Bring Agentic AI to Finance Teams - The SaaS CFO Recap

Podcast: The SaaS CFO

Published: 2026-03-24T12:00:00.000Z

Duration: 2113

Guests: Matthieu Hafemeister

What Happened

Matthieu Hafemeister, co-founder and CEO of Concourse, recounts his journey from Paris to launching his AI startup in New York. Drawing on his experience at Andreessen Horowitz and Jeeves, Matthieu explains how Concourse automates finance team workflows by integrating with core data sources like ERPs and CRMs.

Concourse recently secured $12 million in Series A funding, part of a total $17 million raised. The company saw a notable 19X revenue increase and a 13X rise in customer logos last year. This funding and growth underscore the increasing demand for Concourse's AI solutions that streamline finance operations.

Matthieu outlines Concourse's pricing model, which includes a flat platform fee and a usage-based token model. This structure allows flexibility and scalability for enterprise clients as they integrate AI solutions into their workflows.

The startup targets finance teams with at least 20-30 members, integrating with systems like NetSuite and Salesforce. Concourse has already attracted attention from Fortune 500 and public companies, signaling strong market validation.

Concourse is transforming finance teams by automating tasks such as flux analyses and balance sheet reconciliation. By connecting to data sources like QuickBooks and SAP, Concourse can increase a team's output five to six times within the first month of implementation.

To ensure successful deployment, Concourse conducts proof of concepts and charges implementation fees. The company's forward-deployed engineers work closely with clients to tailor AI agents to specific business needs, enhancing customization and effectiveness.

Despite its rapid growth, Concourse maintains a lean team of eight employees, leveraging AI internally to maximize efficiency. The company recently opened a new office in Flatiron, New York, as part of its expansion strategy.

Matthieu emphasizes the importance of sharing customer success stories and educating the market to rise above the noise in the AI industry. With a focus on long-term financial soundness, Concourse is poised to capitalize on the growing enterprise demand for AI-driven finance solutions.

Key Insights