Accounting

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Allica Bank to double accountancy partnerships team

Allica Bank, the UK’s fastest-growing private company, is doubling the size of its accountancy partnerships team to 16 less than a year after launch, having seen significant demand from the accounting sector.

SMB financial management platform Mimo raises $8.5m

/startups

SMB financial management platform Mimo raises $8.5m

Mimo, a UK-based platform for simplifying global payments, cash flow, and financial management for SMBs and accountants, has raised $8.5 million in an equity round led by Project A and joined by Northzone and Seedcamp.

/payments

Cloud accounting fintech iplicit to bring instant payments to customers with GoCardless

iplicit, the cloud accounting platform purpose-built for the UK mid-market, has today announced its partnership with bank payment provider GoCardless.

/ai

Finom unveils AI accounting agent

Finom, the European financial services platform for SMEs, today announced an autonomous AI agent that streamlines financial management and automates accounting workflows for freelancers and small businesses.

Danish fintech Ageras buys Storebuddy

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Danish fintech Ageras buys Storebuddy

Danish accounting, admin and banking fintech Ageras has bought payment reconciliation software provider Storebuddy. Financial terms were not disclosed.

/wholesale

Thriday introduces automated Xero switching

Thriday, the cutting-edge AI-powered financial management platform, has unveiled a ground-breaking automated switching feature, making it easier than ever for frustrated Xero customers to migrate seamlessly.

BMO brings embedded finance to business ERP systems

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BMO brings embedded finance to business ERP systems

Canada's BMO has teamed up with embedded banking specialist Fispan to let business clients integrate their online accounts directly into Enterprise Resource Planning (ERP) and accounting systems.

UK fintech jobs market booms

/retail

UK fintech jobs market booms

The UK fintech sector experienced a 44% surge in job vacancies in 2024, driven by venture capital investment and AI, according to a report for recruiter Morgan McKinley.

/ai

Caseware acquires Extractly.ai

Caseware, a global leader in cloud-enabled audit, financial reporting and data analytics solutions, today announced the acquisition of Extractly.ai, the provider of intelligent document processing solutions that streamline the audit process for accounting and finance teams.

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AccountsIQ acquires ExpensIn

AccountsIQ, a leading provider of fully cloud-based accounting software, has today announced its acquisition of ExpenseIn, the expense management software that empowers businesses to take control of their expense and invoice management process.

Bookkeeping platform Bench shuts down; quickly gets acquired

/retail

Bookkeeping platform Bench shuts down; quickly gets acquired

Days after closing down, Vancouver-based bookkeeping fintech Bench has been acquired by human resources tech startup Employer.com.

Thomson Reuters buys tax automation provider SafeSend

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Thomson Reuters buys tax automation provider SafeSend

Thomson Reuters has acquired cloud-native tax automation firm SafeSend for $600 million in cash.

Swedish spend management fintech Mynt raises €22 million

/payments

Swedish spend management fintech Mynt raises €22 million

Swedish spend management fintech Mynt has raised a €22 million Series B funding round at a significantly increased valuation of approximately €175 million.

/retail

Intuit wins QuickBooks deal with Amazon

Intuit Inc. (NASDAQ: INTU) and Amazon (NASDAQ: AMZN) today announced a multi-year strategic partnership to empower millions of Amazon sellers to manage their finances, stay compliant, access capital, and grow their business.

/payments

Tipalti expands in Canada

Leading global finance automation company Tipalti announced the launch of its localized solution for the Canadian market and registration as a money services business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), marking a significant milestone in its international expansion.

/wholesale

Deutsche Bank Securities Services extends SimCorp partnership

SimCorp, a leading global financial technology company, and Deutsche Bank Securities Services announced the extension of their longstanding partnership.

/Accounting

Novo launches suite of products for solopreneur

Novo, a leading banking platform tailored for solopreneurs and small business owners, announced at Money 20/20 USA a significant expansion of its services with the launch of the Novo Business Credit Card issued by Continental Bank, as well as new financing and bookkeeping products.

/retail

Shopify Finance launches

Entrepreneurs build and innovate at warp speed, but traditional banks haven’t kept up. In 2024, banks tightened lending requirements for small businesses—with some increasing the cost of borrowing. And 40% of entrepreneurs cite financial risk as a barrier for starting a business.*

AFP: Fraud is the biggest painpoint for accounts payables automation

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AFP: Fraud is the biggest painpoint for accounts payables automation

Kicking off the first day of AFP, the conference for finance and treasury professionals held in Nashville, Tennessee this year, Mike Watercott, CTP, working capital consultant, US Bank, led a discussion on striking the balance in payments with Andy Sullivan, vice president of channel sales, Bottomline and Cynthia MacGeagh, treasury manager, Clayton Homes.

/crypto

Digital asset trust company Tetra chooses Ledgible for reconciliation processes

As the digital asset landscape continues to expand, the demand for reliable and efficient data solutions has never been more pressing. Recognizing this need, Tetra Trust, Canada’s first and only qualified custodian for digital assets, has turned to Ledgible, a leading digital asset tax and accounting platform, to further enhance their digital asset reconciliation processes.

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