Accounting

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/Accounting

Rabo Ventures joins €12 mill round in SME accounting vendor Candis

CANDIS, the platform for automated accounting and payment processes, raised €12M in a financing round led by Viola Ventures and Rabo Frontier Ventures, the investment arm of Rabobank. Existing investors Lightspeed Venture Partners, Point Nine Capital, Speedinvest, the main incubator of Commerzbank and 42CAP also participated.

/wholesale

Temenos using AI for fund administration

Temenos (SIX: TEMN), the banking software company, today announced that it’s the first to launch a SaaS Explainable AI (XAI) model to help fund administrators, insurers and asset managers and custodians improve operational efficiency by leveraging static and transactional data patterns, coupled with human judgement and expertise.

/retail

Intuit QuickBooks primes summer product release for Covid-19 recovery

Intuit QuickBooks, the UK’s leading financial management software, today launches a host of innovative product tools as part of its Summer Product Release to support small businesses in their recovery following COVID-19 and improve long-term resilience.

/startups

Dublin based Fintech Circit raises €1.1 million in new financing for audit confirmation platform

Circit, the innovative audit confirmation platform, has raised investment capital of €1.1 million, as it prepares the Company for significant expansion.

/retail

Coconut hits 350% of its crowdfunding target and launches a new accounting service

Coconut, the smart banking, accounting and tax tool aimed at entrepreneurs and small businesses, has raised over £2.4m in its latest crowdfund - beating its target by 350% - and has launched a new service aimed at taking the pain out of filing accounts as part of its new RBS BCR Pool E bid.

/payments

H&R Block to acquire Toronto's Wave Financial

H&R Block, Inc. (NYSE: HRB) today announced that it entered into a definitive agreement to acquire Wave Financial, Inc. (“Wave”), a rapidly-growing financial solutions platform focused on changing the way small business owners manage their finances, for $405 million in cash.

/people

Amaiz hires Frankie Dowling as head of compliance

Amaiz, the new banking and bookkeeping service for small businesses owners, has appointed Francesca (Frankie) Dowling as their new Head of Compliance.

/cloud

Revolut Business integrates with Clear Books

Revolut Business, the innovative global business account built for growth, speed, ease and security, has today announced a new integration with Clear Books, the easy-to-use cloud-based accounting software for small businesses.

/cloud

DBS HK connects with SME accounting platform Financio

In an all-out effort to help SMEs with their digital transformation journey during COVID-19, DBS Hong Kong and cloud-based accounting software solution Financio, today announced a first-of-its-kind partnership in Hong Kong to transform how businesses manage their finances anytime and anywhere.

/payments

Tipalti forms partnerships with FloQast, Affise and Myers-Holum

Tipalti, the leading global payables automation platform, today announced three new strategic partnerships to further modernize finance operations for startups and midsized companies.

/covid-19

250 accounting firms voice urgent need for more Government help to SMEs

Countingup and nearly 250 accountancy firms have written to the Government to appeal for gaps in coronavirus support for small businesses to be bridged.

/retail

Countingup launches coronavirus grant calculator for sole traders

Countingup, the number one banking and accounting app in the UK, has launched a free coronavirus grant calculator for sole traders, grantcalculator.co.uk.

/wholesale

Countingup introduces Journals for amendments to the sales ledger

Countingup, the UK’s leading banking and accounting app for SMEs, is the first business current account in the world that has both journals and financial reports built-in.

/startups

Accounting fintech Billy first in the Nordics to receive bank data sharing licence

The fintech ‘Billy’ is the first digital accounting platform in the Nordic countries to be certified by the authorities to get access to customers' banking data.

/Accounting

Countingup expands business current account to include trial balance, balance sheet and P&L

Countingup, the UK’s leading banking and accounting app for SMEs, has expanded its business current account to include key accounting reports: trial balance, balance sheet and profit & loss.

/startups

Wirecard and Xolo chase gig economy workers

Wirecard, the global innovation leader for digital financial technology, is cooperating with Xolo, formerly LeapIN, the online platform for launching and running one-person businesses anywhere in the world, to offer fully digital seamless banking for entrepreneurs.

/Accounting

Accuity provides clients with access to Fattmerchant's Omni platform

Fattmerchant, a payment technology provider saving businesses time and money through its subscription-based model and fully integrated Omni platform, today announces its partnership with Acuity, an accounting firm that leverages personal touch and technology to provide businesses with accounting services to build better financials.

/Accounting

Countingup releases tax estimate tool

As the self-assessment tax deadline looms, and 3 million tax returns are not yet submitted, the worlds of banking and tax continue to collide to create new alternatives for small businesses.

/Accounting

Codat joins Temenos Marketplace

Temenos (SIX: TEMN), the banking software company, today announces that Codat has joined Temenos MarketPlace.

/Accounting

Countingup supplements mobile offering with Web-based accounts

Countingup, the UK’s number one small business banking and accounting app, has launched a web based version of its popular banking and accounting app for accountants, complete with profit and loss reports.

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