Countingup offers a business account that integrates automated bookkeeping and invoicing features, allowing users to manage their finances in real-time without the need for separate accounting software. This solution addresses the challenges of time-consuming financial administration and provides instant access to profit and loss reports, tax estimates, and seamless data sharing with accountants.
Funding
$23M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
FVFounders
Product
Problem
Small businesses often struggle with time-consuming financial administration, requiring them to use separate accounting software and manual bookkeeping methods. This can lead to errors, inefficiencies, and a lack of real-time insights into their financial performance.
Solution
Countingup provides a business current account that integrates automated bookkeeping and invoicing features directly within the banking app. This all-in-one solution allows users to manage their finances in real-time, automating tasks such as expense categorization, receipt capture, and invoice creation. By combining banking and accounting functionalities, Countingup eliminates the need for separate software, reduces administrative overhead, and provides instant access to profit and loss reports, tax estimates, and seamless data sharing with accountants. The platform aims to streamline financial management for small businesses, offering a user-friendly interface and tools to save time and improve accuracy.
Target Audience
The primary target audience includes sole traders and small limited companies in the UK who need a simple and integrated solution for managing their business finances.
Features
- Business current account with a contactless card, account number, and sort code
- Automated bookkeeping that categorizes income and expenses
- Unlimited invoice creation and sending directly from the app
- Real-time profit and loss reports for up-to-date business insights
- Tax estimates to help users plan for tax obligations
- Receipt capture for simplified expense tracking
- Instant data sharing with accountants, eliminating duplication errors
- UK-based customer support team