Modernbanc Launches: Real-Time Finance Platform for Startups

Modernbanc recently launched!

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^{"Gain confidence in your business finances. Build real-time ARR/Burn and profitability reports in seconds."}

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Founded by Gregory Gevorkyan

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Modernbanc combines features from both Excel and Quickbooks to give founders the best way to track their business finances.

• Say goodbye to imports/exports and outdated reports.
• Build ARR, Burn, or Runway trackers with live financial data in seconds.
• Drill down and identify unneeded spend.

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Book a call if monitoring live financial metrics is top of your mind.

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Problem

Let’s be honest - no one likes opening Quickbooks, yet it’s the place where your core financial data lives. This creates a disconnect between founders and their key financial metrics, leading to overspend, lack of confidence, and missed goals.

To get the answers you need, you’d typically export that data into a spreadsheet and then run some calculations.

However, the problem is that historically, your accounting software and spreadsheet have always been disconnected, relying on clunky extensions and periodic CSV dumps. This leads to broken, outdated spreadsheets and wasted time cleaning and managing data.

Why do we still put up with this? The Modernbanc team had to come up with a better solution.

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Meet Modernbanc: If Quickbooks and Excel had a baby.

No more clunky sheets extensions or periodic CSV dumps. With Modernbanc you just connect your bank accounts and accounting software and point directly to live balances and transactions within a spreadsheet interface. It just works.

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Modernbanc offers the best of both worlds:

• Built like a spreadsheet. Ready to handle any free-form calculations, works offline, and has instant interactions.
• Powered by an integrated ledger, ensuring your data is always up-to-date and reliable.

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Modernbanc cares about quality and craft. Inspired by Linear, the product is powered by their internal sync engine for that snappy, offline-first experience and WebGL canvas for ultra-fast rendering and instant calculations.

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What you can do with Modernbanc:

• Make plans and projections based on real-time accounts and balances.
• Drill down and identify unneeded spend, break down live transactions into categories.
• Look up historical balances (e.g., “What was the balance of my account a month ago?”).
• Maintain a full hierarchy of your accounts, revenue, and spend.
• Track inventory and ensure nothing goes unaccounted.

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What data sources does Modernbanc support?

While Modernbanc has an accounting system that you can store data in, you can connect the following data sources to stream data to Modernbanc:

• Your bank accounts.
• Ledger data from Quickbooks.
• Any custom source (You can create your own data sources within our UI).

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Who is Modernbanc for?

• Startups looking to do expense reviews, building live Runway/Burn/Profitability trackers in minutes that don’t involve import/export and never need updating.
• Finance teams at medium/large companies that waste countless working hours on broken spreadsheets when putting together reports.
• Physical product startups who want to track inventory or other assets but find Quickbooks too limited.

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Deal:

• White-glove onboarding (we’ll build your financial views).
• Data migration.
• 2 months free for the first 10 clients that sign up through this launch.

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Learn More

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^{🌐 Visit modernbanc.com to learn more.}

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^{⚡ Book a demo here, and Modernbanc will get you set up right away!}

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^{🤝 You can also reach the Gregory or Daniel via email. The Modernbanc team would love to help out if they can!}

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👣 Follow Modernbanc on LinkedIn & X.}

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