FAI Launches AI-Powered Financial Hub Owlytic for Startups and Growing Companies

FAI, a financial management outsourcing company for startups and growth-stage firms, has introduced Owlytic, an AI-based financial technology hub designed to unify financial data and processes into a single workspace. The platform enables entrepreneurs, company executives, and finance managers to monitor cash flow, payroll, burn rate, and cap table in real time. The launch event took place last Thursday at Microsoft for Startups' offices in Tel Aviv, attended by senior figures from Israel's finance and tech sectors, including EON CEO Ofir Ehrlich, EY Israel partner Eli Berda, and Microsoft Israel CFO Omer Koren.

Owlytic addresses a key challenge faced by tech companies: fragmented systems, manual processes, and delayed reporting. It consolidates various financial data such as cash, payroll, burn rate, stock options, and cap tables into one unified environment, facilitating efficient financial management. Itzik Lev, co-founder and CEO of FAI and Owlytic, emphasized the need for a comprehensive system rather than incremental features, aiming to provide finance teams with real-time, accurate data to improve decision-making.

Dana Alexandrovich, FAI’s co-CEO, highlighted the company's vision to lead the financial sector into the AI and AGI revolution, enabling startups to benefit from innovation, speed, precision, and real-time data. Co-founder and CTO Amir Israel explained that Owlytic acts as a financial hub integrating dozens of systems and processes, creating a unified workspace that eliminates the costly and complex need for data imports and exports between multiple platforms.

Founded in 2008, FAI supports hundreds of startups in Israel and the US, offering CFO services, financial planning, FP&A, accounting, payroll, budgeting, and fundraising support. Owlytic represents a strategic step to redefine financial management for startups and growing companies by leveraging AI technology.