9 years ago

FreeAgent Raises £10.7 Million in AIM Listing

  • FreeAgent, a UK-based provider of SaaS accounting software for microbusinesses, has floated on the AIM market of the London Stock Exchange

  • The company raised £10.7 million in the floating process, which will be used to accelerate their growth in the UK

  • FreeAgent had previously raised £1 million through Seedrs from 695 investors in 2015

  • The company provides thousands of UK micro-businesses with cloud-based accounting software solutions and mobile applications to streamline financial management, invoice and expense management, VAT, and payroll

  • Significant shareholders include Opus Incertum, IRIS Group, Local Globe, Livingbridge, Alto Invest, Octopus, and RJ Beteiligungsgesellschaft.

      • ProblemTechnology

      "Micro-businesses in the UK struggle with complicated and time-consuming financial management, including invoicing, expenses, VAT, and payroll."

      Solution

      "FreeAgent offers a cloud-based accounting software solution and mobile apps that simplify and automate financial management tasks for micro-businesses and their accountants."

      Covered on