Accounting finance ops

LedgerUp

Website
Founded 2024Origin source ↗Checked 2026-09-15

Overview

LedgerUp handles the manual AR work that piles up at growing companies. It submits invoices to customer portals like Coupa and Ariba, catches rejections and fixes them, and applies incoming payments by reading remittances and matching them to open invoices in any billing system or ERP. Anything it can’t resolve goes to your team with the context needed to finish it. LedgerUp also sends invoices and collections follow-ups. Finance teams use it to clear unapplied cash, get invoices accepted the first time, and let their AR team focus on bigger problems.

Company description As recorded 2026-11-08

Founders & team

Bailey Spell

Founder/CEO

Previously, I worked at Microsoft, where I was one of two selected by the Office CTO to integrate agents into Office while then becoming the first engineering hire at a seed-stage workflow automation startup. There, I helped the company grow from $0 to $120k in ARR. Now, I am helping lead a new era of finance and accounting for businesses starting with bookkeeping.

Founder profile As recorded 2026-09-15
5team members reported
Source-reported As recorded 2026-09-15

Founded 2024 · Source

Origins

We started with a bootstrapped bookkeeping company, but quickly realized all our customers were struggling with the same thing: AR and revenue tracking problems. They were drowning in manual invoice chasing, payment reconciliation, and complex revenue recognition. The opportunity was way bigger than bookkeeping. B2B companies needed their entire quote-to-cash process automated - usage-based billing, collections, ARR calculations, all of it. So we refocused to build LedgerUp as an AI agent that handles the full AR workflow.

Founder account As recorded 2026-09-15

News & product activity

Sources & observations

Y Combinator

Profile depthenriched profile
Website observationwebsite reachable
Last website check2026-11-11
Location · source statedSan Francisco, CA, USA
Pricing evidenceA pricing page was detected
Maturity: Operating · 4 of 6 areas documented

Source-based assessment · automated evidence rules

The company website explicitly reports customer or user adoption. This is a source-based assessment of a company claim; scale and revenue are not independently verified.

Company website: home Checked 2026-10-21

Trusted by growing finance teams

Maturity is an evidence-based assessment, not a success rating. It may understate the current stage where evidence is limited. Coverage records documented areas, not a complete or independently audited company history.

Stage definitions
independent websitesource corroborationreachable websitedescriptive evidenceclassified market and modelsourced peoplesourced founding yearpricing page observeddocumentation observed