Accounting

116 articles tagged with this keyword

/retail

Indian neobank Open hits unicorn status

Indian neobank Open has become a unicorn after securing $50 million in a Series D funding round led by investment firm IIFL.

/wholesale

Hubuc raises $10m for 'AWS of embedded finance'

Barcelona-based Hubuc has become the latest embedded finance player to raise funding, closing a $10 million seed round co-led by WndrCo and Runa Capital.

/startups

Nomo adds current account to SME fintech app

Nomo, the Banco Sabadell-backed fintech platform for the self-employed and SMEs, is adding a current account and virtual card to its offering.

/startups

Monite raises $5m for embedded finance platform

Embedded finance automation platform Monite has raised $5 million in a round led by Point72 Ventures and joined by a host of high-profile angel investors.

/payments

Israeli fintech Tipalti sees valuation exceed $8bn

Tipalti, a provider of AI-powered commercial payments and accounting services, has completed a series F funding round that has seen its valuation reach $8.3 billion.

/cloud

Big banks invest in accounting software firm Freshbooks

Barclays, Bank of Montreal and JPMorgan have joined an US$80.75 million Series E funding round for Toronto-based cloud accounting software firm Freshbooks.

/startups

Sequoia makes €15 million investment in Pennylane

French fintech startup Pennylane has secured €15 million in funding to grow its array of bookeeping and financial management tools.

/startups

LemonEdge raises $2.5m to digitise accounting for PE industry

LemonEdge, a London-based startup that helps firms in the private equity and financial services industries digitise complex accounting, has raised $3.5 million.

/payments

ClearBooks joins new Revolut-built embedded finance marketplace

Accounting software provider ClearBooks is to be the first third party application to join a new business marketplace built by Revolut to house apps embedded with its own financial services capabilities.

/sustainable

Sustainable Finance Live: How to value nature and better assess financial risk

On 11th May, Finextra hosted the first workshop of its two-day virtual event, Sustainable Finance Live. The interactive session brought together expert investors and asset managers to explore how to build a portfolio that effectively supports biodiversity, natural capital, and ecosystem services.

/payments

HSBC launches mobile business bank for UK SMEs

HSBC has launched a mobile banking offshoot, Kinetic, to cater to the needs of the UK business community.

/startups

Countingup raises £9.1m

Countingup, a London-based startup offering users a business current account with built-in accounting software, has closed a £9.1 million Series A investment round led by Framework Venture Partners.

/startups

Intuit Quickbooks taps Modulr to power SME digital payments account

Intuit Quickbooks has picked UK payments-as-a-service platform Modulr to power a new digital payment account for small businesses.

/startups

Aussie business finance startup Thrive hits $2 million crowdfund target in two days

Thrive, an Australian fintech startup that provides tools for automating financial admin for small businesses, has raised $2 million in under two days in a record-breaking crowdfunding campaign.

/startups

Pennylane picks up $18.4 million in funding

French fintech startup Pennylane has snagged $18.4 million in funding to grow its array of bookeeping and financial management tools.

/startups

ANZ invests in fintech Aider

ANZ has made a strategic investment in Aider, a New Zealand fintech that helps SMEs get insights into their cash flow, staffing and accounting needs. The size of the investment was not disclosed.

/cloud

BlackLine buys Rimilia to add AI-powered accounts receivable automation to platform

Accounting automation software provider BlackLine has acquired AI-powered accounts receivable outfit Rimilia for $150 million in cash.

/sustainable

EY: Sustainable goals in finance won’t be met with traditional behaviours

Financial services firms must evolve their mindsets to both manage risk effectively and to ensure that the industry meets sustainable goals, according to Sandy Trust, sustainable finance consulting lead at EY and deputy chair of the IFOA’s Sustainability Board.

/sustainable

Coalition of UK banks launched to standardise carbon accounting

The Partnership for Carbon Accounting Financials (PCAF) is launching a coalition aimed at the promotion of measuring and disclosing carbon emissions in the UK financial services industry.

/crime

Fintech bids for Wirecard's Aus and NZ businesses

The break-up of the various international businesses of disgraced payments processing company Wirecard continues after it emerged that Australian payments firm Change Financial is set to buy its Australian and New Zealand businesses for $7.8m.