7 years ago

Countingup Raises £2.3M for Business Banking and Bookkeeping App

  • Countingup, a U.K

  • fintech startup that provides a business bank account with integrated bookkeeping, has raised £2.3 million in seed funding led by Forward Partners, with participation from Frontline Ventures and JamJar Investments

  • The startup aims to simplify business banking and accounting for small businesses by merging them into a single smartphone app

  • Countingup currently offers a current account, contactless Mastercard, and basic accounting features, with plans to launch invoicing and other features later this year

  • The company already has 4,000 customers and is adding 1,500 new users each month.

      • ProblemFinancial Services

      "Bookkeeping for small businesses is a chore, wastes time, and is boring. Traditional banks offer hidden fees and have poor customer service."

      Solution

      "Countingup provides a business bank account that combines banking and accounting, simplifying business management for sole traders and small businesses. The app offers features like bookkeeping, profit and loss reporting, receipt attachment, and contactless Mastercard, with invoicing, automated receipt scanning, tax calculations, and filing planned for the future."

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