What is Daloopa AI ?
Daloopa is an AI-driven financial data automation platform that streamlines the creation and maintenance of financial models in Excel, catering primarily to equity analysts, hedge funds, private equity firms, and investment banks. By automating the extraction and integration of key performance indicators (KPIs), financial statements, and forward guidance from public company filings, Daloopa significantly reduces manual data entry time, enabling analysts to focus more on critical analysis and decision-making. The platform provides access to over 10 years of historical data for more than 3,500 companies, offering both GAAP and non-GAAP metrics, with real-time updates delivered within minutes of earnings releases. With its seamless Excel integration, one-click model updates, and auditable data points linked to original source documents, Daloopa ensures accuracy, transparency, and efficiency. Founded in 2019 and headquartered in New York City, Daloopa has raised $41.4 million in Series B funding and continues to empower financial professionals with timely, reliable, and easily accessible data.
Key Features
AI-Powered Data Extraction
Daloopa utilizes advanced AI algorithms to extract financial data from company filings, including SEC reports and investor presentations, ensuring comprehensive coverage and accuracy. Seamless Excel Integration
The platform offers an Excel add-in that allows users to integrate extracted data directly into their financial models, facilitating real-time updates and reducing manual data entry. Historical Data Access
Daloopa provides access to over a decade of historical financial data, enabling analysts to perform trend analysis and make informed forecasts. Auditability and Verification
Each data point extracted by Daloopa is hyperlinked to its original source document, allowing users to verify data accuracy with a single click. Real-Time Updates
The platform delivers data updates within minutes of earnings releases, ensuring that financial models reflect the most current information available. Customizable Data Sheets
Daloopa offers customizable data sheets that can be tailored to specific company metrics and KPIs, providing flexibility to meet diverse analytical needs.
Key Benefits
Enhanced Efficiency
By automating data extraction and integration, Daloopa significantly reduces the time analysts spend on manual data entry, allowing them to focus on analysis and decision-making.Improved Accuracy
The AI-driven platform minimizes human error in data entry, ensuring that financial models are based on accurate and reliable information.Scalability
Daloopa’s ability to handle large volumes of data and integrate with existing Excel models makes it scalable for organizations of various sizes.Auditability
The platform’s audit trail feature enhances transparency and accountability, as users can trace data points back to their original sources.
Pricing Plans
Daloopa offers three pricing tiers to cater to different user needs:
Daloopa Free
Provides access to 5 free models, allowing users to explore the platform’s capabilities and assess its suitability for their needs.Daloopa Standard
Includes the Excel add-in for seamless data integration and one-click updates during earnings periods.Daloopa Plus
Offers all the features of the Standard plan, plus instant filing updates and incremental KPI updates to stay ahead during earnings seasons
For detailed pricing information and to determine the best plan for your needs, it’s recommended to contact Daloopa directly.
Pros and Cons
Pros
Automates data extraction and integration, saving time and reducing manual effort.
Enhances accuracy by minimizing human error in data entry.
Provides real-time updates, ensuring financial models reflect the most current information.
Offers customizable data sheets to meet specific analytical needs.
Cons
May require an initial learning curve for users unfamiliar with Excel add-ins.
The effectiveness of AI-driven data extraction may vary depending on the complexity of the source documents.
Advanced features are available only in the Plus plan, which may be a consideration for budget-conscious users.
Conclusion
Daloopa stands out as a powerful tool for financial analysts seeking to streamline their modeling processes. By leveraging AI to automate data extraction and integration into Excel models, it enhances efficiency and accuracy in financial analysis. While there may be a learning curve for new users, the platform’s robust features and real-time updates make it a valuable asset for organizations aiming to improve their financial modeling capabilities.