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 financial managers to monitor cash flow, payroll, burn rate, stock options, and cap tables 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 financial reporting. It consolidates diverse financial data into one environment, facilitating streamlined financial management. FAI co-founder and CEO Itzik Lev explained that rather than adding incremental features, they developed a comprehensive system to help finance teams make better, faster decisions with up-to-date information.

FAI co-CEO Dana Alexandrovich emphasized the company's aim to lead the financial sector into the AI and AGI revolutions, providing startups with innovation, speed, accuracy, and real-time data. Owlytic CTO and co-founder Amiram Israel described the complexity of finance departments relying on dozens of systems and processes, noting that Owlytic creates a unified hub that integrates these disparate systems, a capability previously affordable only for large companies.

Founded in 2008, FAI supports hundreds of startups in Israel and the US, offering CFO services, financial planning, FP&A, accounting, payroll, budgeting, and capital raising assistance. Owlytic represents a strategic move to modernize financial management for startups and growth companies by leveraging AI technology.