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Companies

Fifth Asset

Debt, lease and treasury software for public finance teams

Raised to date

$997K

of $997K offered across 1 Form D filing

Investors
14
Last filed
Jul 30, 2026

About

Fifth Asset, Inc., which operates as DebtBook, is a Charlotte, North Carolina company selling cloud-based treasury and accounting software to public-sector and nonprofit finance teams. Its platform covers debt, cash and investment management alongside lease and subscription accounting compliance modules for GASB 87, GASB 96 and ASC 842. DebtBook reports more than 2,000 customers across local and state government, higher education, healthcare, transportation authorities, airports and seaports, and utility systems.

Purpose-built for the government and nonprofit accounting standards (GASB 87, GASB 96, ASC 842) that generic corporate treasury tools ignore, consolidating debt, lease and investment data that these teams otherwise track in spreadsheets.

Funding

  • EquityFiled Jul 30, 2026Form D
    $997K/ $997K

Product

DebtBook

Treasury and accounting SaaS

A cloud treasury and accounting platform that centralizes an organization's debt, cash, investment, lease and subscription obligations and automates the reporting and disclosure work around them.

  • Debt management and amortization tracking
  • Cash and investment management
  • GASB 87 and ASC 842 lease management

Built for

Finance, treasury and accounting teams at local and state governments, higher education institutions, healthcare systems, transportation authorities, airports and seaports, and utility systems

People on file