LeaseCrunch

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.

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

Headquarters

HQ city

Milwaukee

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. 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

Core 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

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• FinagraphmajorOthers · 4 December 2024LeaseCrunch 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

Direct 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

• Facebookfacebook.com/leasecrunch1
• LinkedInlinkedin.com/company/leasecrunch

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LeaseCrunch