Thriday is a business financial management platform that integrates invoicing, banking, accounting, and tax functions into a single application, utilizing AI to automate financial administration for solo business owners. This solution eliminates the need for multiple tools, reducing the time spent on financial tasks from 6.5 hours to just 30 minutes per week.
Funding
$6M 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.
Founders
Product
Problem
Solo business owners often struggle with fragmented financial management processes, requiring them to use multiple applications for banking, invoicing, accounting, and tax, leading to inefficiencies and wasted time. These disparate systems make it difficult to gain a holistic view of their financial health and can increase the risk of errors.
Solution
Thriday is a business financial management platform designed to consolidate banking, invoicing, accounting, and tax functions into a single, AI-powered application. By automating financial administration, Thriday streamlines workflows and provides solo business owners with a comprehensive view of their financial standing. The platform offers features such as automated expense management, real-time tax forecasting, and automated allocation of income to nominated accounts, reducing the time spent on financial tasks and improving overall financial clarity.
Target Audience
Thriday is designed for solo business owners in Australia, including freelancers, consultants, and creators, who need a comprehensive solution to manage their business finances efficiently.
Features
- Integrated business banking with up to 10 accounts and a Visa debit card
- Automated invoice reminders and reconciliation
- Automated expense management with receipt scanning and categorization
- Real-time tax forecasting and automated tax calculations
- Automated allocation of income to profit, owner's pay, tax, and expense accounts
- Automated bookkeeping and transaction categorization
- Cash flow reporting and forecasting
- Direct BAS and tax lodgment capabilities
- Integration with Xero and MYOB via bank feeds
- Option for expert tax team support