AccountsIQ Raises €5.8M in Funding


AccountsIQ, a London, UK- and Dublin, Ireland based provider of a Financial Management Software (FMS) platform for mid-market SMEs with multiple subsidiaries, branches and locations, secured €5.8M in funding.

Finch Capital made the investment.  

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

Led by Tony Connolly, CEO and founder, AccountsIQ provides Medium-sized businesses growing through franchising or multinational subsidiaries operating across multiple different locations, currencies and jurisdictions. with a cloud-based AI-driven Financial Management Software (FMS) platform to streamline and automate the capture, process and reporting of their 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 synchronise 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 its 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.