News Summary

Montreal-based startup Ready Plan Go has successfully raised $750,000 in a pre-seed funding round to develop its AI-powered platform aimed at automating the tedious paperwork involved in accounting. Co-founded by Nima Jalalvandi, Ready Plan Go seeks to alleviate the stress accountants face during tax season by allowing AI to handle document collection, data extraction, and tax software form entry. This initiative allows accountants to focus more on providing tax and financial-planning advice to clients. After participating in accelerator programs like Station FinTech Montréal and Next AI, the startup won awards at Startupfest, and its funding round includes contributions from Mistral Venture Partners and 15 angel investors. Ready Plan Go’s target market initially includes the United States, where it has secured its first major client in Pennsylvania. The company is also working on obtaining SOC 2 certification to ensure data security, amidst concerns about AI-generated errors and data security. This venture comes as the accounting industry faces a looming labor shortage, with a significant percentage of licensed professionals expected to retire soon.