The Monday Lowdown ⬇️

If you're new around here, every day I share the 4-5 best accounting insights I saw in the past 24 hours.

I scroll. so you don't have to.

💎 WTF of the Day

24 Year Old Raises $3M for AI Accounting

Pryce Yebesi, a 24-year-old founder, just raised $3M to launch Conserto, an AI-powered accounting platform. Conserto promises to handle boring stuff like reconciling accounts and tracking expenses so small businesses can focus on making money, not managing it.

Source MSN

💎 What’s poppin in accounting

Blackstone’s Big Move in Florida

Blackstone just bought a stake in Citrin Cooperman, one of South Florida’s leading accounting firms. This deal is part of Blackstone’s larger play to invest in professional services, betting on accounting as a stable, recession-proof business.

With Citrin Cooperman’s revenue nearing $1B, this deal shows how private equity is eyeing accounting firms as long term cash cows.

Source BizJournals

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 📊 Weekly Trend Chart

Japan’s Tourism Boom

Japan smashed records in 2024, welcoming over 37 million tourists, its highest number ever. After years of COVID restrictions, travelers flooded in, drawn by cherry blossoms, sushi, and the weak yen making Japan more affordable than ever.

The numbers aren’t just great for tourism, they boosted local businesses, from luxury hotels to small ramen shops.

With tourism driving a key part of the economy, Japan is solidifying itself as one of the top global travel destinations.

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