Thred offers an AI‑augmented bookkeeping platform that automatically imports and reconciles financial data from banks, payment processors, payroll and other business tools, delivering real‑time profit‑and‑loss, balance‑sheet and cash‑flow statements. The service also handles VAT returns, annual accounts and corporate tax filing, with a 24/7 conversational assistant and human experts available via web, WhatsApp, Slack or email to answer questions and provide support.
Funding
Funding not disclosed
Founders
Product
Problem
Small businesses often struggle with fragmented financial data, manual bookkeeping, and complex compliance tasks, leading to time‑consuming admin work and limited visibility into cash flow and performance.
Solution
Thred provides an AI‑augmented bookkeeping platform that automatically imports data from banks, commerce, payroll, and other business tools, categorises and reconciles transactions, and maintains real‑time financial statements. The system continuously runs bookkeeping and compliance processes in the background, while a human bookkeeper remains available for clarification and support. Users can interact with the platform via web, WhatsApp, Slack, or email to submit documents, ask questions, and receive instant guidance on tax filings, VAT returns, and upcoming deadlines. Integrated dashboards give up‑to‑date profit‑and‑loss, balance‑sheet, and cash‑flow views, enabling owners to forecast and make informed spending or hiring decisions. A white‑glove onboarding service migrates existing data and configures integrations, ensuring a seamless transition to automated finance management.
Target Audience
Primary customers are solopreneurs, early‑stage startups, and small to medium enterprises in Europe that need automated bookkeeping, tax compliance, and real‑time financial insights.
Features
- Automatic data ingestion from banks, Stripe, payroll systems (e.g., Nmbrs) and other business tools
- AI‑driven categorisation, reconciliation and posting of transactions with continuous 24/7 processing
- Real‑time financial statements (P&L, balance sheet, cash flow) with tag‑based segmentation by location or project
- Live dashboards that visualise cash position, spending trends, vendor and customer performance
- Built‑in compliance module that prepares and files VAT returns, annual accounts and corporate income tax
- “Ask Thred” conversational assistant available 24/7 via web app, WhatsApp, Slack or email for instant answers and document requests
- White‑glove onboarding and data migration performed by human experts
- Optional payroll processing through partnered providers
- Secure EU‑hosted infrastructure with encryption in transit and at rest, GDPR compliance and progress toward ISO 27001 and SOC 2 certifications