Countingup, a London, UK-based provider of a business current account that automates accounting for small businesses, raised £4m in bridge funding.
The round was led by ING Ventures with co-investment from Triple Point, CVentures and BiG Start Ventures.
The company intends to use the funds to expand operations and its business reach.
Founded in 2017 by Tim Fouracre, formerly CEO of Clear Books Plc, Countingup now boasts more than twenty thousand customers and has processed almost £1bn in transactions. Small businesses can open a Countingup business current account on their smartphone in under 5 minutes and the account comes with both banking and accounting features. On top of that, Countingup has recently launched its Accountant Hub, a web-based accounting system that helps accountants manage and collaborate with their SME clients.