Fintool

Fintool, previously named Blocktool, is headquartered in San Francisco, CA, and operates within the B2B finance and accounting sub-industry. The company, part of the Y-Combinator W23 batch, targets institutional investors in the United States and Canada. Fintool’s core product is designed to function as a research assistant that uses ChatGPT to process financial documents such as SEC filings, helping investors to summarize lengthy reports, compute financial metrics, and discover new insights by comparing data across different years. The technology is specifically tailored for public equity investors and emphasizes providing precise answers along with the exact documents from which these answers are derived, ensuring verifiability of information. Fintool is supported by Y Combinator and notable angel investors from leading tech companies like Vercel, Datadog, and HuggingFace, as well as experts from OpenAI and Deepmind. The company values a lean operation with a small team size of two, advocating for the effectiveness of small, focused teams over larger ones. Fintool prioritizes rapid product development and continuous improvement through active customer feedback. Additionally, the company offers a free trial for new users and focuses on frugality and profitability, consciously avoiding the disclosure of raised funds as it considers it a vanity metric.