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.