DebtBook
DebtBook provides cloud-based treasury and accounting software, including debt, cash, investment, lease, and subscription management, purpose-built for U.S. state and local governments, higher education, healthcare, and adjacent public-sector entities serving 2,000+ customers.
- Company typePrivate
- Founded2019
- HeadquartersCharlotte, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What DebtBook does
DebtBook, operating as Fifth Asset, Inc. and headquartered in Charlotte, North Carolina, provides cloud-based treasury and accounting software purpose-built for U.S. state and local government agencies, higher education institutions, healthcare organizations, and adjacent public-sector entities such as transportation authorities, airports, seaports, and utility systems. Its core product is a unified Treasury Management System (TMS) that consolidates debt management, cash management, and investment management into a single cloud-accessible platform, supplemented by compliance modules for GASB 87 leases, GASB 96 subscription-based IT arrangements, and ASC 842 private-sector lease accounting, plus a contract management module. The platform is differentiated by deep, purpose-built regulatory compliance workflows (GASB 31, 40, 72, 87, 96; ASC 842), a 120-day white-glove implementation model, and an AI-powered Insights layer (launched June 2026) that includes Marty, a natural-language AI analyst operating over deterministic, traceable financial data.
The business model is recurring SaaS subscription revenue with implementation and premium support sold as additional services. DebtBook reaches customers through enterprise field sales, a demo-driven consultative motion, an event- and content-led demand generation engine (podcast, blog, newsletter, case studies), and a growing channel of CPA firms, financial advisors, and the PFM financial advisory partnership. Pricing is quote-based and not publicly disclosed. The company has raised approximately $23.7M across five funding rounds led primarily by Elephant Partners, most recently a $12.5M Series A-1 in July 2023, and serves more than 2,000 customers nationwide. The 1,544% three-year revenue growth that earned DebtBook the #62 ranking on the 2025 Deloitte Technology Fast 500 underscores its rapid scaling within a fragmented public-sector finance software market.
DebtBook firmographics
Firmographics- Name
- DebtBook
- Legal name
- Fifth Asset, Inc.
- Website
- https://debtbook.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- DebtBook provides cloud-based treasury and accounting software, including debt, cash, investment, lease, and subscription management, purpose-built for U.S. state and local governments, higher education, healthcare, and adjacent public-sector entities serving 2,000+ customers.
- Ownership category
- akta.pro rank
DebtBook industry classification
Industry- Product category
- Government Treasury Management Software
- NAICS
- Activities Related to Credit Intermediation (5223)
- SIC
- Finance Services (6199), Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Corporate Cash Management & Treasury Services (FSAMAOAA)
- akta.pro secondary industry
- Public Debt Management (BPAIAEAC)
Keywords
Where DebtBook is headquartered
LocationHeadquarters
- HQ city
- Charlotte
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
DebtBook business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- SaaS Subscription (Treasury Management System): DebtBook operates as a cloud-based SaaS platform providing subscription access to its Treasury Management System. Customers pay recurring subscription fees for access to debt management, cash management, investment management, and lease/subscription accounting modules. Implementation services and premium support may be sold as additional services.
Go-to-market motion3 records
Distribution channels2 records
Marketing channels9 records
DebtBook product offering
Product offeringCore offering
DebtBook provides a cloud-based Treasury Management System designed for government and nonprofit organizations. The platform unifies debt, cash, investment, lease, subscription, and contract management into a single solution, with an AI-powered Insights layer for surfacing financial analytics. It is purpose-built to help public sector finance teams comply with GASB and ASC accounting standards.
Product overview
DebtBook is a unified Treasury and Accounting Software platform for government and nonprofit organizations. The core Treasury Management System consolidates Debt Management, Cash Management, and Investment Management modules into a single cloud-accessible platform. The platform also includes specialized lease and subscription management modules for GASB 87, GASB 96, and ASC 842 compliance, plus Contract Management for post-signature contract oversight. An AI-powered Insights layer provides intelligence and natural-language querying capabilities across all financial data.
Differentiator
Problem solved
Functional benefit
Products and services
- Treasury Management System Cloud-based SaaS treasury management platform that unifies debt, cash, investment, lease, subscription, and contract management for public sector finance teams.
- Debt Management
- Cash Management Tool that enables government and nonprofit finance teams to monitor cash balances, project cash flow, and manage liquidity.
- Investment Management Software that helps governments and nonprofits manage investment portfolios in compliance with public sector investment policies.
- GASB 87 Lease Management Software that helps government and nonprofit organizations account for, track, and report on leases in accordance with GASB 87.
- ASC 842 Lease Management Software that helps nonprofit organizations account for, track, and report on leases in accordance with ASC 842.
- GASB 96 Subscription Management Software that helps government organizations account for, track, and report on subscription-based IT arrangements under GASB 96.
- Contract Management Software that enables government and nonprofit organizations to centrally store, track, and manage contracts and related obligations.
- Insights AI layer that uses deterministic AI computation to surface financial insights, anomaly detection, and analytics on top of the DebtBook platform.
Quantifiable outcome
- 80% productivity gain in data management
- +5 more outcomes
Companies that use DebtBook
Customer profileNamed customers14 records
Segments7 records
Ideal customer profiles4 records
DebtBook technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability4 records
Feature9 records
DebtBook partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- PFMcorePFM, a financial advisory firm, has partnered with DebtBook to help public sector clients automate treasury operations. The alliance leverages PFM's Synario financial modeling system to enable state and local governments, housing authorities, and public power and transportation sectors to focus on strategic decisions rather than operational tasks. The partnership was officially announced on February 18, 2026.
Scale indicators4 records
Recent moves7 records
Expansion highlights6 records
DebtBook competitors and assessment
Company assessmentDirect peers
- PowerPlan: PowerPlan provides lease, tax, and asset accounting software to utilities, government agencies, and asset-intensive organizations. It directly overlaps with DebtBook's GASB 87/ASC 842 lease accounting modules and serves similar public-sector and regulated-industry customers.
- OpenGov: OpenGov provides cloud software for budgeting, financial planning, and accounting to U.S. state and local governments. It overlaps with DebtBook in government financial management and budgeting workflows, with comparable SaaS go-to-market targeting CFOs and finance directors at municipalities.
- Questica: Questica is a public-sector budgeting and financial planning software vendor serving K-12, higher education, and government customers. It is comparable to DebtBook as a vertical SaaS provider for government finance teams with similar buying centers and compliance-driven use cases.
- LeaseAccelerator: LeaseAccelerator offers a SaaS lease accounting and compliance platform (ASC 842, IFRS 16, GASB 87) to enterprise and public-sector customers. It is comparable to DebtBook in the lease-accounting compliance wedge, though DebtBook is more vertically focused on government finance teams.
- Tyler Technologies: Tyler Technologies is the largest pure-play provider of software and services to the U.S. public sector, including financial management, ERP, and treasury-related modules for state and local governments. It directly competes with DebtBook in the government finance software category, though Tyler's footprint is broader and less specialized in treasury/debt.
- ClearGov: ClearGov offers budgeting, transparency, and financial planning tools for U.S. municipalities and school districts. It targets similar government-finance buyers as DebtBook with a SaaS subscription model focused on operational budgeting and reporting.
Broad incumbents
- Sage Intacct: Sage Intacct is a leading cloud financial management platform for mid-market and nonprofit organizations. It serves similar finance-team buyers as DebtBook with broader accounting functionality, though it lacks DebtBook's purpose-built GASB debt/lease compliance depth.
- Workday: Workday is a major cloud ERP and HCM vendor with growing public-sector penetration. It is a broad incumbent that could bundle lease and subscription compliance into its finance suite, posing an indirect competitive threat to DebtBook's specialized modules.
- Blackbaud: Blackbaud provides cloud financial management, fundraising, and CRM software to the nonprofit and education sectors. It overlaps with DebtBook in nonprofit and higher education finance teams, serving as a broader incumbent alternative for shared customer segments.
Regional players
- Caselle: Caselle provides government-focused accounting, payroll, and utility billing software primarily to municipalities and special districts in the western U.S. It is comparable to DebtBook as a regional government-finance software vendor targeting city and county clerks and treasurers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
DebtBook social profiles
Digital presenceDebtBook compliance and trust
Trust signalCompliance2 records
DebtBook financial estimates
Financial estimateRevenue estimate
Valuation estimate
DebtBook leadership team
Management profileNumber of profiles
Profiles3 records
DebtBook funding detail
Funding detailFunding overview
Funding rounds6 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DebtBook M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about DebtBook
What does DebtBook do?
DebtBook provides a cloud-based Treasury Management System designed for government and nonprofit organizations. The platform unifies debt, cash, investment, lease, subscription, and contract management into a single solution, with an AI-powered Insights layer for surfacing financial analytics. It is purpose-built to help public sector finance teams comply with GASB and ASC accounting standards.
Is DebtBook a public or private company?
DebtBook is a private company. It is classified as venture growth investor backed and is currently operating.
When was DebtBook founded?
DebtBook was founded in 2019. It employs 101 to 250 people.
Where is DebtBook based?
DebtBook is headquartered in Charlotte, United States, in the North America region.
How does DebtBook make money?
One revenue line is on record: saaS Subscription (Treasury Management System).
Who are DebtBook's main competitors?
Direct peers on record are PowerPlan, OpenGov, Questica, LeaseAccelerator, Tyler Technologies and ClearGov. Broad incumbents are Sage Intacct, Workday and Blackbaud. Caselle is listed as a regional player.
Does DebtBook have an API?
No public API is recorded for DebtBook.
What industry is DebtBook in?
DebtBook's product category is Government Treasury Management Software. Its primary akta.pro industry code is FSAMAOAA, Corporate Cash Management & Treasury Services, with a secondary code of BPAIAEAC, Public Debt Management. Its NAICS code is 5223 and its SIC code is 6199.