a year ago

Ember Secures £5 Million Funding and HSBC Deal for Embedded Accounting Services

  • Embedded accounting startup Ember has raised £5 million in funding and secured a deal with HSBC to provide digital tax services to its SME customers

  • Ember's services will integrate tax and accounting tools into HSBC's banking platform, simplifying financial management for businesses

  • The deal aims to help HSBC customers prepare for the UK's Making Tax Digital initiative, which requires businesses to file digital tax returns

  • Ember's latest funding round was led by N26 investor Valar Ventures, fintech investor Viola Fintech and European fintech investor Shapers.

      • ProblemFinancial Services

      "Small and medium-sized businesses (SMEs) in the UK have a difficult time managing their finances and keeping up with ever-changing tax regulations."

      Solution

      "Ember offers embedded accounting solutions that seamlessly integrate with banking platforms, allowing SMEs to easily manage invoicing, categorize transactions, and track cashflow, making tax compliance straightforward."

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