Yebesi said he thought of Open Ledger while still working at Utopia Labs, where he was the chief product officer. He said he realized that the businesses he worked with were still using outdated accounting software.
“When we built invoicing products at Utopia, we saved our customers 70-80% of the time they spent on accounting tasks. That experience led me to realize the need for more extensible and embedded accounting solutions,” Yebesi told TechCrunch. “Open Ledger is our answer to that challenge. An AI-driven, modular accounting tool that lives where our customers already work.”