LeaseCrunch
LeaseCrunch (now Crunchafi) provides cloud-based lease accounting and financial data extraction SaaS software, serving CPA firms, corporate accounting teams, and government entities with compliance automation across ASC 842, GASB, IFRS 16, and FRS 102 standards.
- Company typePrivate
- Founded2016
- HeadquartersMilwaukee, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What LeaseCrunch does
LeaseCrunch, now operating as Crunchafi, is a Milwaukee-based SaaS provider that builds cloud-based software for accounting and financial professionals, with primary focus on automated lease accounting compliance. The flagship Lease Accounting product supports ASC 842, GASB 87/94/96, IFRS 16, and FRS 102 standards and uses a dual-access model that allows both CPA firms and their underlying clients to work within the same platform, generating audit-ready reports and supporting SOC 1 Type II and SOC 2 Type II compliance. The company expanded its product surface in December 2024 through the acquisition of Bellevue-based Finagraph, adding Data Extraction software powered by Strongbox AI that extracts, normalizes, validates, enriches, and delivers client financial data from accounting systems and ERPs into standardized Excel workbooks.
Crunchafi serves over 750 CPA firms and 27,000+ companies globally, with named customers spanning mid-market and enterprise accounting firms (Perry & Associates, GBQ Partners, PKF O'Connor Davies, ProNexus) and financial services buyers (Tribal, Kroll). The company operates on a subscription-based SaaS model with quote-based pricing accessed through a Request a demo sales motion, combined with content marketing via resource hubs, webinars, and customer case studies. In January 2024, the company received a significant growth investment from Aquiline Capital Partners earmarked for product development and acquisitions, followed by the Finagraph deal and a 2026 corporate rebrand to Crunchafi, signaling a strategic pivot from single-product lease accounting specialist to multi-product platform serving CPA Firms, Government entities, Fractional CFOs, and corporate Companies. Revenue figures and contract values are not publicly disclosed.
LeaseCrunch firmographics
Firmographics- Name
- LeaseCrunch
- Legal name
- Crunchafi
- Website
- https://leasecrunch.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- LeaseCrunch (now Crunchafi) provides cloud-based lease accounting and financial data extraction SaaS software, serving CPA firms, corporate accounting teams, and government entities with compliance automation across ASC 842, GASB, IFRS 16, and FRS 102 standards.
- Ownership category
- akta.pro rank
Where LeaseCrunch is headquartered
LocationHeadquarters
- HQ city
- Milwaukee
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
LeaseCrunch business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations
Revenue model
- SaaS Subscription: Subscription-based SaaS model for lease accounting and data extraction software, with dual-access capabilities for CPA firms and their clients.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
LeaseCrunch product offering
Product offeringCore offering
LeaseCrunch (now Crunchafi) is a cloud-based SaaS company that provides lease accounting and financial data extraction software primarily for CPA firms and corporate accounting teams. Its two core products automate complex lease accounting calculations in compliance with ASC 842, GASB 87/94/96, IFRS 16, and FRS 102, and extract, normalize, validate, and deliver financial data from client accounting systems and ERPs into standardized Excel workbooks.
Product overview
LeaseCrunch (now rebranded as Crunchafi) offers a suite of two core SaaS products for accounting and financial professionals: Lease Accounting software for lease compliance management (supporting ASC 842, GASB 87, 94, 96, and IFRS 16 standards), and Data Extraction software for automating financial data collection and standardization. The company expanded its portfolio through the acquisition of Finagraph's Strongbox AI technology in December 2024. All products serve CPA firms, accounting firms, and corporate finance teams.
Differentiator
Problem solved
Functional benefit
Products and services
- Lease Accounting Cloud-based SaaS that simplifies complex lease accounting calculations with dual access for CPA firms and their clients, generating required reports and ensuring compliance with ASC 842, GASB 87, 94, 96, and IFRS 16 lease accounting standards. SOC 1 Type II certified.
- Data Extraction SaaS that extracts, normalizes, validates, enriches, and delivers financial data directly from client accounting systems or ERPs into standardized Excel workbooks for accounting and financial professionals. Features instant financial data retrieval, customizable mapping, and SOC 2 Type II security certification.
- Strongbox AI AI-powered automation technology acquired from Finagraph that automates financial data collection for CPA firms and financial services companies, integrated into the Data Extraction product.
Quantifiable outcome
- 8-15 hours saved on data extraction per engagement
- +4 more outcomes
Companies that use LeaseCrunch
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles4 records
LeaseCrunch technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
LeaseCrunch partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- FinagraphmajorLeaseCrunch acquired Finagraph, a real-time data analysis software provider, to enhance offerings and expand reach to over 750 CPA firms worldwide. The acquisition included Finagraph's Strongbox AI technology that automates financial data collection for CPA firms and financial services companies. Part of LeaseCrunch's strategy to grow through organic expansion and strategic mergers.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
LeaseCrunch competitors and assessment
Company assessmentDirect peers
- LeaseAccelerator: Long-standing enterprise lease accounting and lease management SaaS serving similar Fortune 500 and CPA-firm-adjacent accounts. Closely comparable on ASC 842/GASB/IFRS 16 compliance functionality and customer profile.
- Nakisa: Provides cloud-based lease accounting and contract management software (Nakisa Lease Administration) targeting large enterprises with complex IFRS 16/ASC 842 needs. Direct overlap on lease accounting product and compliance scope.
- Karbon: Practice management workflow SaaS for accounting firms — the same primary buyer (CPA firms) that Crunchafi targets. Comparable go-to-market against CPA firms and a likely cross-sell partner or competitor for firm-level wallet share.
- Visual Lease (Wolters Kluwer): Most direct competitor in ASC 842 / IFRS 16 lease accounting SaaS for CPA firms and corporate accounting teams. Now owned by Wolters Kluwer, giving it the backing of a large incumbent suite — directly comparable feature set and target buyer to Crunchafi.
Emerging players
- Botkeeper: AI-driven bookkeeping automation software serving accounting firms and SMBs. Comparable on financial-data extraction and AI-powered bookkeeping workflow, and competes for CPA-firm and fractional-CFO budgets alongside Crunchafi's data extraction product.
- Pilot: Tech-enabled bookkeeping service for startups and small businesses, with its own internal automation. Overlaps with Crunchafi's data-extraction and bookkeeping adjacency and competes for the same outsourced-finance wallet.
- FloQast: Accounting close management SaaS used by mid-market and enterprise accounting teams, including many CPA firms. Adjacent workflow with overlapping buyer (controllers and accounting managers) and similar product-led growth motion.
- NetLease: Cloud-based lease accounting software built for NetSuite customers. Targets the same ASC 842/IFRS 16 buyer but is constrained to the NetSuite ecosystem — a focused emerging rival for the corporate-tenant segment of Crunchafi's base.
Broad incumbents
- BlackLine: Public accounting automation platform serving controllership functions with close, reconciliation, and lease accounting modules (via LeaseAccelerator partnership). Overlaps with Crunchafi on lease accounting while addressing a much broader finance transformation remit.
- MRI Software: Large property/ERP software suite that acquired LeaseAccelerator's commercial lease accounting business. Offers lease accounting as part of broader property management, competing for the same CPA and corporate buyers with a much larger portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
LeaseCrunch social profiles
Digital presenceLeaseCrunch compliance and trust
Trust signalCompliance2 records
LeaseCrunch financial estimates
Financial estimateRevenue estimate
Valuation estimate
LeaseCrunch leadership team
Management profileNumber of profiles
Profiles4 records
LeaseCrunch subsidiaries and ownership
Company hierarchySubsidiaries1 record
LeaseCrunch funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LeaseCrunch M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LeaseCrunch
What does LeaseCrunch do?
LeaseCrunch (now Crunchafi) is a cloud-based SaaS company that provides lease accounting and financial data extraction software primarily for CPA firms and corporate accounting teams. Its two core products automate complex lease accounting calculations in compliance with ASC 842, GASB 87/94/96, IFRS 16, and FRS 102, and extract, normalize, validate, and deliver financial data from client accounting systems and ERPs into standardized Excel workbooks.
Is LeaseCrunch a public or private company?
LeaseCrunch is a private company. It is classified as venture growth investor backed and is currently operating.
When was LeaseCrunch founded?
LeaseCrunch was founded in 2016. It employs 11 to 50 people.
Where is LeaseCrunch based?
LeaseCrunch is headquartered in Milwaukee, United States, in the North America region.
How does LeaseCrunch make money?
One revenue line is on record: saaS Subscription.
Who are LeaseCrunch's main competitors?
Direct peers on record are LeaseAccelerator, Nakisa, Karbon and Visual Lease (Wolters Kluwer). Emerging players are Botkeeper, Pilot, FloQast and NetLease. Broad incumbents are BlackLine and MRI Software.
Does LeaseCrunch have an API?
No public API is recorded for LeaseCrunch.