DEADBATCH W14FINTECH

ScaleFactor

AI bookkeeping that was actually humans in a back room

$100M+
Capital Raised
6 YRS
Lifespan
Hundreds of SMBs affected
Body Count

AUTOPSY REPORT

Raised $100M claiming AI-powered bookkeeping. In reality, the 'AI' was a room full of offshore accountants manually doing the work . Customers reported tax filing errors and missing transactions. Quietly shut down in 2020 during COVID, blaming the pandemic.

DAMAGE: Hundreds of SMBs affected
CruiseAtrium

Satirical project. Not affiliated with Y Combinator. All information from public records.