# Blue Onion

> Blue Onion is a New York-based fintech company that builds an automated financial subledger and reconciliation platform for e-commerce and retail brands. Its data engine ingests transactions from order systems, payment processors, marketplaces and bank accounts, then reconciles every order, payout, fee, refund and deposit into a single source of truth - letting finance teams close their books daily with guaranteed accuracy and feed clean, structured financial data into AI workflows.

- **Founded:** 2020
- **Headquarters:** New York, New York, United States
- **Founders:** Lyndsey Bunting (CEO & Co-Founder), Charley McMillian (Co-Founder), Manav Malhotra (Co-Founder & Chief Data Scientist)
- **Team size:** ~44 employees
- **Products:** Close, Fabric, Edge, Reconciliation Data Engine
- **Notable:** Raised $10M Series A led by Viola FinTech in April 2025, reaching $17.6M total funding., Reconciles billions of transactions across 200+ retail and e-commerce brands., Compresses month-end close from 5-10 days to 1-2 days for customers.

## Products & services

- **Close** — Automation module for controllers and accountants that reconciles revenue across sales channels and payment processors and compresses month-end close from days to hours with automated summary journal entries.
- **Fabric** — Data infrastructure module for CTOs and tech leads that exposes clean, reconciled, AI-ready financial data through APIs and agent contexts.
- **Edge** — CFO- and business-leader-focused module for financial visibility and insight (announced as coming soon).
- **Reconciliation Data Engine** — Proprietary engine that automates order-to-cash reconciliation from order creation to bank payout, including payout decomposition, multi-system three-way matching, ASC 606 revenue recognition, cash-in-transit tracking, gift cards, returns, chargebacks and multi-currency FX.

## Achievements

- Raised $10M Series A led by Viola FinTech in April 2025, reaching $17.6M total funding.
- Reconciles billions of transactions across 200+ retail and e-commerce brands.
- Compresses month-end close from 5-10 days to 1-2 days for customers.
- Backed by Y Combinator and angel Joe Saunders, former Chairman & CEO of Visa.
- Expanded leadership with CTO Alec Carper and strategic advisor Scott Galit.

## Latest updates

- **2025-04** — Announced $10M Series A led by Viola FinTech to build the financial data infrastructure layer for AI-powered finance.
- **2025-04** — CEO Lyndsey Bunting interviewed by FinSMEs on the company's mission and the reconciliation problem it solves.
- **2025** — Expanded leadership team with CTO Alec Carper and strategic advisor Scott Galit.
- **2025** — Launched product modules Close, Fabric and Edge, repositioning as a financial intelligence platform for e-commerce.

## Links

- Website: https://blueonion.ai
- LinkedIn: https://www.linkedin.com/company/blue-onion-labs

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Profile page: https://yespress.io/blue-onion
Published by YesPress — https://yespress.io
Last updated: 2026-07-22