Rexi, a New York-based fintech founded by veterans from Mercado Libre and Pomelo, has closed a $1.2 million pre-seed funding round for its AI-native financial reconciliation platform. The investment, finalized in July 2025, attracted notable firms including Pear VC, NFX, and Underscore VC. This funding will fuel the company's mission to automate a critical back-office process in finance.
Addressing a Critical Financial Bottleneck
High-volume companies in sectors like banking and payments often struggle with financial reconciliation. These firms rely on complex internal systems or manual spreadsheets, which are inefficient, error-prone, and difficult to scale. This operational friction consumes valuable engineering resources and creates significant hidden business costs.
The risks of poor reconciliation were highlighted by the recent Synapse case, which exposed a massive financial discrepancy. This event serves as a reminder that reconciliation failures can lead to substantial monetary losses and regulatory scrutiny. Rexi was founded to address this systemic vulnerability by providing a reliable, automated alternative.
An AI-Native Reconciliation Platform
Rexi's platform centralizes financial data from diverse sources such as Stripe, Adyen, and traditional bank accounts. It utilizes a no-code interface, empowering finance teams to establish reconciliation rules without needing engineering support. An integrated AI agent autonomously resolves exceptions, requiring only final approval from the team.
The company reports its technology achieves a 99.7% transaction match rate, reducing process times from days to minutes. To ensure enterprise-grade security and build client trust, the platform is SOC 2 Type II certified. These capabilities position Rexi as a robust solution for institutions with high operational integrity standards.
Strategic Funding and Market Expansion
The $1.2 million pre-seed round included a syndicate of US-based investors like Flybridge and Textbook Ventures, without a single lead investor. This broad support indicates strong market confidence in Rexi's solution for modernizing financial infrastructure. The investment provides the company with a solid foundation for its next growth phase.
Rexi will allocate the new capital toward enhancing its product, scaling its technical and commercial teams, and accelerating expansion. While the primary focus remains on the U.S. market, the company is also capitalizing on opportunities in Latin America. This dual-market strategy aims to establish a strong international presence early on.
A Vision for Agentic Finance
The company was founded in January 2025 by CEO Ignacio Berardi, COO Teo Zavalia Gahan, and CTO Sebastián García. Their collective experience at leading fintechs like Mercado Libre and Pomelo provided direct insight into the operational pains of reconciliation. This firsthand knowledge has been a driving force behind the platform's design and mission.
Beyond its current product, Rexi envisions a future where AI agents manage routine back-office functions, a concept it calls "agentic finance." The ultimate goal is to build an operating system that allows companies to focus on their core products. This positions Rexi as a strategic partner for digital transformation in finance.
With its recent funding and a clear vision, Rexi is poised to redefine financial operations for the AI era. The company plans to pursue a Seed funding round in the second half of 2026 to further scale its impact. By transforming a critical process, Rexi aims to become a foundational component of modern fintech infrastructure.