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Sqrl bags $550K in funding to launch document reminder service in Ohio

January 29
11:59 PM 2014

Sqrl, a document reminder service for accounting firms, has raised $550,000 in funding from CincyTech, Vine Street Ventures, and Hyde Park Ventures. The said service is also launching today, according to TechCrunch.

Sqrl is a service that accounting firms can pay for. The software reminds individual clients to submit every needed file to their accountant so that the documents can be processed. The service also has a mechanism that uploads and delivers the submitted files to the accountant. After the necessary files are delivered, the accountant is notified that a client job is ready to begin, the report explained.

The Cincinnati, Ohio-based service was formulated by founders Ryan Watson, Craig Baldwin, and Ryan Baker as an internal solution for their online accounting company, Upsourced Accounting. The said service is presently targeted at small and regional accounting companies. However, it could scale to other fields involving a lot of document management on behalf of clients such as advertising, legal, and financial firms, the report detailed.

The basic features of Sqrl will be offered as a free package to users. Eventually, the company will offer multi-user plans with premium features such as customized security, team collaboration, and white labeled alerts, TechCrunch reported.

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