Countingup raises £2.3m in a seed round led by Forward Partners to expand its financial platform.
The London fintech startup secured backing from Forward Partners, Frontline Ventures, and JamJar Investments to support its growth.
Countingup provides a mobile application that combines business current accounts with automated bookkeeping and tax features for small businesses.
London-based mobile banking and bookkeeping platform Countingup has secured £2.3m in a seed funding round led by Forward Partners. The investment also drew participation from Frontline Ventures and JamJar Investments.
The capital will support the company as it pursues its ambition to serve one million small business customers. Countingup currently counts over 4,000 users on its platform.
The mobile application allows small business owners to open a current account in minutes via their smartphone, complete with a sort code, account number, and contactless Mastercard. In addition to banking services, users can manage bookkeeping tasks, generate profit and loss reports, and attach receipts to expenses.
From the founder
"Combining accounting and banking into one single product simplifies running your business. It saves time and takes away the pain and hassle of tax and compliance."
Tim Fouracre
Founder and CEO at Countingup
Investors
Categories
About the company
Countingup
Countingup offers a mobile banking and bookkeeping platform designed for small businesses.