Fincheck

Company Overview

Snapshot

Founded in March 2016 by Ruth Polachek and Yehuda Granot, Fincheck operated with 1–10 employees. The company secured funding across two rounds from investors 500 Startups.

Business overview

Fincheck developed an artificially intelligent financial assistant leveraging machine-learning algorithms to extract data from financial documents, accounts, and software, aiming to automate repetitive tasks. Its core product, RapidCFO, functioned as an online financial professional designed to gather financial data and answer user questions about their finances. The company operated within the Fintech & Insurtech sector, focusing on Financial Operations Software and Personal Finance Management, serving both B2B and B2C markets.

Strategic signal

Fincheck ceased operations in April 2021, indicating a significant strategic shift and the conclusion of its venture in the fintech market. This event signals to investors and innovation teams that the company's business model or market approach did not achieve sustainable traction, leading to its discontinuation.

Company Intelligence Q&A

What is Fincheck's primary business?

Fincheck developed an artificially intelligent financial assistant that uses machine-learning algorithms to extract data from financial documents and accounts, aiming to automate repetitive financial tasks.

When was Fincheck founded and by whom?

Fincheck was founded in March 2016 by Ruth Polachek and Yehuda Granot.

What was Fincheck's key product?

Fincheck's key product was RapidCFO, an online financial professional designed to gather financial data and answer questions about users' finances.

When did Fincheck cease operations?

Fincheck ceased to operate in April 2021.