Countingup raises £4m to accelerate banking and accounting roadmap
by Startacus Admin
.png "Countingup banking and accounting")
Countingup, the business current account that automates your accounting, has received the backing of leading fintech investors.
The London-based startup has raised £4m in a bridge round of financing led by ING Ventures with co-investment from Triple Point, CVentures and BiG Start Ventures. All are backing the company’s vision to be the one financial hub for 1m small businesses. In the two years since Countingup launched, it now boasts more than twenty thousand customers and has processed almost £1bn in transactions.
Small businesses can open a Countingup business current account on their smartphone in under 5 minutes and the account comes with both banking and accounting features. On top of that, Countingup has recently launched its Accountant Hub, a web-based accounting system that helps accountants manage and
collaborate with their SME clients.
Countingup started in September 2017 by CEO, Tim Fouracre, Countingup is a VC backed startup aiming to build the one financial hub for 1m small businesses.
Founder and CEO, Tim Fouracre, commented, “Countingup is a more automated and accurate alternative to traditional digital bookkeeping software or a shoebox of invoices and receipts. It’s ideal for sole trader clients and solves several customer pain points in one seamless solution.”
The funds will be used to accelerate the banking and accounting roadmap to make it even easier and more efficient to digitally run a small business.
Founded by Tim Fouracre, formerly CEO of Clear Books Plc, Fouracre commented on the investment, “We’re thrilled to have ING Ventures on board. ING is a leading pan-European bank that has the reach to open up opportunities for Countingup as we look to expand internationally in the coming years.
Following this bridge investment we will seek to do a larger funding round to accelerate growth once normality returns to society and the economy post the COVID-19 pandemic.”
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
.jpeg)
Even if you're doing it all yourself for now, here is an overview of the key operational areas that your business ought to have
Medtech company Manus raises £1.2m to help with the roll-out of its NeuroMotor pen designed for use in the diagnosis and monitoring of neuromotor impairments
BondAval secures $1.64 Million Pre-Seed funding to help accelerate its product roll-out, further develop its machine-learning technology and expand its team
.jpeg)
Ensuring that employees feel like they're valued is vital for all businesses - here are some basic tips on how you can ensure that you do just that
By Bits enables insurance firms to transform customer experience and meet the growing demand for usage-based insurance
The lowdown on Housemates, the Manchester-based startup that's on a mission to make securing student accommodation easier than ever before
Proximie is a platform that uses artificial intelligence, machine learning and augmented reality to enable clinicians to collaborate virtually
New research from Corporate Coach Group reveals the UK's most ambitious cities and includes top tips on how to make 2021 your best year ever when it comes to achieving your goals
The accolade this week goes to MyPlasticDiary, an innovative app which will enable you to track, understand and reduce your plastic footprint
The innovative Spanish startup raises major funding to scale its team and help more businesses design smarter automated conversations with customers
Published on: 6th May 2020
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Manus secures funding to support launch of its Parkinson's Pen 26th Jan 2021 Medtech company Manus raises £1.2m to help with the roll-out of its NeuroMotor pen designed for use in the diagnosis and monitoring of neuromotor impairments
- B2B insurtech BondAval secures major funding 26th Jan 2021 BondAval secures $1.64 Million Pre-Seed funding to help accelerate its product roll-out, further develop its machine-learning technology and expand its team
- Where are the UK’s most ambitious people in 2021? 21st Jan 2021 New research from Corporate Coach Group reveals the UK's most ambitious cities and includes top tips on how to make 2021 your best year ever when it comes to achieving your goals
- No-Code Chatbot Builder Landbot Secures $8M Series A 20th Jan 2021 The innovative Spanish startup raises major funding to scale its team and help more businesses design smarter automated conversations with customers
