Tagged: accounting

Bill.com Finalizes $2.5B Stock and Cash Acquisition of Spend Management Fintech Divvy

Bill.com (NYSE:BILL), an established provider of Cloud-powered software that simplifies, digitizes, and automates back-office financial operations for SMBs, revealed on Monday (June 1, 2021) that it had finalized its acquisition of Divvy, a spend management solution provider, for around $2.5 billion “in stock and cash.”… Read More

UK Fintech Tide Partners with Sage, a Cloud Business Management Software Provider, to Offer Innovative Banking, Accounting Tools

UK’s Tide, an established business financial platform, and Sage, a provider of Cloud business management software, revealed on Wednesday (May 12, 2021) that they’ve teamed up to offer integrated banking and accounting solutions to Tide members. Developed specifically for users taking their initial steps towards… Read More

Connected Account Startup Lockstep Secures $10 Million Through Series A Funding Round Led By Point72 Ventures

    Lockstep, a U.S.-based connected accounting cloud, announced on Wednesday it secured $10 million through its Series A funding round, which was led by Point72 Ventures with participation from Clocktower Ventures and Revel Partners. Founded in 2019, Lockstep stated it has helped more than 180… Read More

Silicon Valley Fintech Unicorn Brex Explains how it Helps Firms with Expense Management by Working With QuickBooks, Netsuite, Xero

US-based Fintech firm Brex says that it goes without saying that as a business owner, it’s “essential to have a handle on your finances.” Brex writes in a blog post that the good news is that incorporating lets entrepreneurs easily take advantage of various financial… Read More

France based Fintech Firm Pennylane Acquires €15 Million in Capital to Further Expand its Accounting Platform

France-based Fintech firm Pennylane, which was launched in January 2020, has acquired €15 million in capital as the European financial technology sector continues to attract more consumers and businesses. French accounting company Pennylane finalized its €15 million Series A round in less than a year… Read More

Business Finances Management App Coconut Integrates with Tide, Transferwise, Tesco Bank, Virgin Money

Sam O’Connor, the CEO at Coconut, a company that provides a tool for self-employed individuals that helps them manage their business finances, has confirmed that their platform now connects with Tide, Transferwise, Tesco Bank and Virgin Money. O’Connor noted that they’ve added four more banking… Read More

Metro Bank Announces Accounting Software Partnership With Clear Books

UK-based banking group and lender Metro Bank announced on Friday it has formed a partnership with Clear Books to offer account software with free bank feeds and exclusive discounts to the bank’s small business customers. Metro Bank reported that the integration provides its customers with… Read More

TD Bank Unleashes TD Online Accounting to Provide Payment Services to Small Businesses

TD Bank announced on Monday it has launched TD Online Accounting to provide integrated payment and accounting product for its small business customers. TD Bank reported that TD Online Accounting uses the technology of Autobooks, an integrated accounting and receivables platform that allows business owners to… Read More

Update: Coconut Set to Close Crowdcube Round With More Than £2 Million Raised

Current accounting and tax platform Coconut is set to close its latest equity crowdfunding campaign on Crowdcube with more than £2 million secured. The funding round was launched last month, originally seeking £700,000 in funding. As previously reported, Coconut describes itself as a current account that… Read More

Update: Coconut’s Latest Crowdcube Round Surpasses £1.15 Million in Less Than a Week

Just days after launching its latest equity crowdfunding campaign on Crowdcube, current accounting and tax platform Coconut has successfully raised more than 1.15 million from over 1360 Crowdcube investors. As previously reported, Coconut describes itself as a current account that takes care of a user’s accounting and… Read More

Financial Management Software Provider Wave Financial Introduces Banking, Bookeeping Solution for SMBs

Canada based Wave Financial, an established provider of financial management software for small business owners and entrepreneurs, has introduced Wave Money, a banking and bookkeeping solution for small companies. Wave Money doesn’t require users to pay banking fees. It has a built-in bookkeeping feature and… Read More

Overfunding: Current Accounting Platform Coconut Returns to Crowdcube & Quickly Surpasses £700,000 Funding Target

Less than two years after raising £1.8 million through its first equity crowdfunding campaign on Crowdcube, UK-based current accounting and tax platform Coconut has returned to the funding platform and has already surpassed its initial £700,000 target. As previously reported, Coconut describes itself as a current account… Read More

Salt Edge Assists Simplifi to Accelerate Accounting Services Through Open Banking

Photo courtest velkr0 on Flickr: http://www.flickr.com/photos/velkr0/

Simplifi-HQ, an online accounting service provider based in New Zealand, has teamed up with open banking provider Salt Edge to speed-up and digitize its software package by accessing financial data of their clients directly from the bank. Salt Edge claims that the partnership allows Simplifi… Read More

Accounting Firm RSM Names Lukka Preferred Provider for Crypto Tax Software Solutions

Lukka, a blockchain software and data services company, announced on Friday it has been selected by RSM, a provider of audit, tax and accounting services focused on the middle market, to provide crypto tax software solutions to the firm’s tax clients. Through the partnership, Lukka… Read More

Pennsylvania-based Fintech KnowLedger to Facilitate Migration of Financial Data for Family Offices

Pennsylvania-headquartered Fintech KnowLedger has confirmed that it will facilitate the migration of financial data for family offices. KnowLedger was recently established by Ryan Kerry, the firm’s co-founder and CEO, after the acquisition of his previous company, Accusource to STP Investment Services. Kerry stated: “If you… Read More

DBL Digital Announces Bitcoin Managed Account Program; Now Offering New Cryptocurrency Investment Option

DBL Digital, a division of DrawBridge Lending, announced on Monday the launch of its Bitcoin Managed Account Program (MAP) for individual and institutional investors. According to DBL Digital, the program provides investors with exposure to the Crypto market in a risk-mitigated fashion, although virtual currency… Read More

Starling Bank Adds Accounting Software Intuit Quickbooks to Business Marketplace

UK-based digital banking platform Starling Bank announced on Wednesday it has expanded its business Marketplace with the addition of cloud-based accounting software provider Intuit QuickBooks. The service will give the bank’s 90,000 business customers a link between their bank account activity and their accounting package…. Read More

International Standards Body Says Cryptocurrency Holdings Are Not Cash, But May Qualify As Intangible Asset

Cryptocurrency holdings are not considered cash, however, they may be classified as an intangible asset, according to the Korea Accounting Institute, which referenced decisions made following a conference in London (in June) by the International Financial Reporting Interpretations Committee (IFRIC). London-headquartered IFRIC, a global accounting… Read More

How Do You Account for That? The IFRS to Address Accounting for Cryptocurrency in Meeting Next Week

The IFRS (International Financial Reporting Standards Foundation) has been ruminating on the challenges of accounting for cryptocurrency for some time now. Next week (June 11-12), the IFRS Interpretations Committee will be holding a meeting in London with crypto on the agenda listed as one of… Read More

Update: Coconut’s Equity Crowdfunding Round Secures More Than £1.3 Million During the Final Days on Crowdcube

UK-based current accounting and tax platform Coconut has successfully secured more than £1.3 million through its equity crowdfunding campaign on Crowdcube, which is set to close next week. The funding round has attracted more than 1,500 investors. As previously reported, Coconut describes itself as a current account that takes… Read More

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