Announced details
Tax and accounting operations for small and medium-sized businesses, AI, software, workflow automation, and professional services
The Avant Group provided funding to Cynch through its wholly owned subsidiary DIVA CORPORATION AMERICA (DCA). NSV also provided capital to Cynch. DCA is a wholly owned subsidiary of the Avant Group.
Cynch: A US-based company providing AI-powered tax and accounting services to small and medium-sized businesses. CEO: Nigel Duffy. NSV: A subsidiary of Nomura Holding America Inc. responsible for managing Nomura Strategic Ventures Fund 1, LP and for the investment activities of Nomura Group's Financial Innovation Office in the United States. CEO: Neeraj Hora.
Cynch: United States. DCA: California, United States.
In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.
| Item | Details |
|---|---|
| Names of Products / Services Covered | Cynch's AI-powered tax and accounting workflow service |
| Counterparty | Cynch, Inc.; Nomura Strategic Ventures, LLC（NSV） |
| Counterparty overview | Cynch: A US-based company providing AI-powered tax and accounting services to small and medium-sized businesses. CEO: Nigel Duffy. NSV: A subsidiary of Nomura Holding America Inc. responsible for managing Nomura Strategic Ventures Fund 1, LP and for the investment activities of Nomura Group's Financial Innovation Office in the United States. CEO: Neeraj Hora. |
| Relationship with the Company | The Avant Group provided funding to Cynch through its wholly owned subsidiary DIVA CORPORATION AMERICA (DCA). NSV also provided capital to Cynch. DCA is a wholly owned subsidiary of the Avant Group. |
| Launch date | 15 May 2026 (funding already provided) |
| Applicable area | Tax and accounting operations for small and medium-sized businesses, AI, software, workflow automation, and professional services |
| Location | Cynch: United States. DCA: California, United States. |
Items this document does not state (11)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To support continued investment in Cynch's technology platform, expansion of its service delivery capabilities, and growth of its US customer base, as well as to deepen understanding of the use of AI in tax and accounting operations and support Cynch's growth.