venture funding heats up the practice management sector
platform |
core focus |
tax integration |
payments |
client portal |
ai features |
notable backers/deals |
firm size target |
|---|---|---|---|---|---|---|---|
aiwyn |
unified pm + payments + tax |
yes (via taxa) |
yes |
yes |
yes (tax + workflows) |
kkr, bessemer, taxa, digilence |
midsize to large |
canopy |
tax-centric pm |
yes (native) |
partial |
yes |
yes (ocr, autofill) |
viking global, $70m series c |
small to midsize |
karbon |
workflow + collaboration |
no |
no |
yes |
yes (email triage) |
five elms capital, acquisition-ready |
midsize to large |
client hub |
client experience + workflow |
no |
no |
yes |
no |
independent |
small firms |
financial cents |
simplicity + affordability |
no |
no |
yes |
no |
bootstrapped |
small firms |
taxdome |
all-in-one for tax firms |
yes (native) |
yes |
yes |
partial |
fast-growing, self-funded |
solo to small firms |
xero practice manager |
cloud pm tied to xero |
no |
no |
yes |
no |
xero |
small to midsize |
compared: some key movers and shakers in the practice management maelstrom
by 卡塔尔世界杯常规比赛时间 research
backed by new capital and a wave of strategic acquisitions, aiwyn is accelerating its expansion in accounting technology.
more: seth fineberg asks is practice management having a moment?
with support from kkr and bessemer venture partners, the charlotte-based firm positions itself as a comprehensive platform for practice management, client engagement, payments, and tax automation, targeting mid-to-large firms seeking a more integrated tech stack.
the company is adding taxa, an ai-powered tax platform now rebranded as aiwyn tax. founder levi morehouse joins aiwyn as president and board member, taking charge of technology, revenue, and operations. aiwyn is also buckling up with digilence, a systems integration and workflow automation firm. former digilence ceo chad osgood becomes aiwyn’s vp of services and innovation.
these additions reflect aiwyn’s strategy to unify fragmented point solutions into a scalable platform. its offering now includes four core components:
- aiwyn payments: invoicing, reconciliation, and digital payment tools
- aiwyn practice: time tracking, billing, and resource planning
- aiwyn experience: client portals, e-signatures, and secure communications
- aiwyn tax: ai-enabled tax preparation and review
aiwyn says the tools don’t just digitize workflows; they’re designed to reshape them, reduce operational friction, and improve the client experience. “the profession is ready for a modern, integrated platform that doesn’t just digitize workflows but rethinks them entirely,” says morehouse. with this team, this capital, and this vision, we’re building the future platform for the firms that are shaping it.”
ceo and co-founder justin adams frames the launch as reimagining what’s possible—not a product update, but a generational leap: “we’re not just connecting dots, we’re redrawing the map.”
as more accounting firms seek efficiency through integration, the competition to become the profession’s “operating system” intensifies. aiwyn enters a crowded field with established contenders:
taxdome, perhaps the most comprehensive “all-in-one” for small firms, may lack scalability for larger practices. backed by viking global investors and others, canopy leads in tax-centric features and strengthens its position with substantial funding. in may 2024, it raised $35 million in an oversubscribed round led by ten coves capital and ankona capital. in april 2025, it follows up with a $70 million series c round led by viking. ceo davis bell emphasizes canopy’s focus on ai-driven transformation:
“this frees up time and resources and generates insights that help firms better serve clients, increase profitability, and reduce team burnout,” says canopy ceo davis bell. as the operating system for accounting firms, canopy is the natural starting point for the ai transformation of the industry.
karbon and financial cents emphasize workflow and collaboration but lack tax and payment tools. client hub and xero practice manager focus on client interaction and work tracking rather than full operational unification.
while others stitch together point tools, aiwyn builds a natively unified platform aimed at firms that have outgrown entry-level solutions but want more flexibility than traditional enterprise systems. the company says it is investing in r&d, with automation and payments at the center of its roadmap—two areas it sees as key to the future of accounting firm technology.