4 years ago

AccountsIQ Secures €5.8 Million in Funding from Finch Capital

  • AccountsIQ, a London and Dublin-based provider of a Financial Management Software (FMS) platform for mid-market SMEs, has secured €5.8 million in funding from Finch Capital

  • The company will use the funds to continue to expand operations and its business reach

  • AccountsIQ's cloud-based AI-driven FMS platform streamlines and automates the capture, process and reporting of financial performance across all business units

  • The company's full-featured FMS handles complexities such as sub-groups, multiple currencies revaluations, inter-company transactions and minority interests

  • It also uses artificial intelligence and an open API strategy to automatically synchronize bank accounts, generate electronic payments, auto-post electronic invoices and integrate front-end systems with approval workflow and expense capture via smartphone

  • Its open API allows integration with 3rd party software and it is already integrated with TransferMate Global Payments, TINK, BrightPay, Kefron AP, Chaser, Concur, Salesforce and ISAMs

  • Today, AccountsIQ is used by 4,000 businesses across 85 countries across financial services, renewable energy, hospitality and not-for-profit industries.

      • ProblemFinancial Services

      "managing financial complexities in medium-sized businesses with multiple subsidiaries, branches, and locations across different currencies and jurisdictions."

      Solution

      "a cloud-based AI-driven Financial Management Software (FMS) platform that automates financial processes and reporting."

      Covered on