Arcanum AI is a New Zealand-based SaaS startup founded in 2016. The company's mission is to support busy Finance teams and Accountants with their AI Assistant, Archie. Archie is designed to streamline Accounts Payable and Receivable tasks by plugging directly into the accounts inbox and current accounting software. This innovative approach aims to free up human resources, allowing them to focus on higher-value tasks. Some of the key benefits of adding Archie to the team include improved cashflow, fraud detection, reduced human error, and faster company growth. The last round of investment for Arcanum AI amounted to NZD750.00K in a Pre Seed Round on 01 August 2023. The startup operates in the industries of Hospitality, Manufacturing, SaaS, and Construction, with its headquarters located in New Zealand. Overall, Arcanum AI offers a promising solution to alleviate the burden of repetitive and time-consuming financial tasks through the integration of AI technology, making it an attractive prospect for investors seeking innovative SaaS opportunities.
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