The problem
Homegrown databases get balances wrong; teams waste hours reconciling billing, bank and accounting systems by hand
What they do
Ledger API that lets engineers and AI agents track, bill and reconcile money flows
Traction 50-60 paying customers incl. Ramp, BILL, Whop and AtoB; revenue undisclosed
Hiring trend
- Open roles
- 2
- Headcount
- ~22
Headcount +29% YoY (~22, LinkedIn est.); 2 roles open
Latest news
Oct 2026
Announced $12M Series A co-led by FirstMark and BoxGroup (closed mid-2025), pivoting to AI-agent finance ↗Funding
- Last round
- $12M
- Stage
- Series A
- Date
- Oct 2026
Led by FirstMark, BoxGroup
- Hiring+0.52 open roles on the live job board (1–2 roles = +0.5)
- Funding recency+1.5Series A · $12M, Oct 2026 (this month): 6 months or less = +1.5
- Traction—50-60 paying customers incl. Ramp, BILL, Whop and AtoB; revenue undisclosed
- Red flags—None on file
- Total1.75Stored score → Warm-up
Seed rule: a Series A of $15M or less without strong traction starts in Warm-up whatever the score (Steady by score alone).
Hiring and funding from the stored fields add up to +2. The stored score of 1.75 includes a judgment call the fields don't capture (often a boundary month or a round we don't count), so traction and red-flag points can't be split out exactly.
Distance (Unproven) is a separate read on how long the lead can last. It doesn't change the score.
Distance
Unproven · edge: hard to leave
Ledger is a hard-to-replace system of record at Ramp and BILL, but only ~50-60 customers on a small A against Modern Treasury.
Sources: Fortune: Fragment raises $12M Series A (Oct 2026) ↗ · FirstMark: Finance for Agents, our investment in Fragment ↗
Open ops roles
No ops roles open right now
Last checked Oct 14, 2026