As a number of old-school banks struggle to maintain their technology, leading UK “challenger” business banking provider Countingup becomes the first to offer invoicing, automated payment matching and expense tracking.
Countingup, a revolutionary mobile app, allowing small businesses to do their banking, bookkeeping and stay on top of their taxes, has become the first business current account app in the UK to offer both invoicing and expense tracking tools.
Since launching in March 2018 Countingup has set out to fundamentally change what small business banking means in the UK. With the self-assessment deadline looming, it cannot come soon enough for small business owners. CEO and founder, Tim Fouracre said “It’s a huge achievement to be the first business current account in the UK that provides an app with such a comprehensive range of accounting features to small businesses”
Fouracre added “As a small business owner you will no longer have to juggle with 3 or 4 different pieces of software to run your business. If you raise an invoice using Countingup, when you receive the payment from your customer the invoice will be marked as paid automatically, which saves business owners valuable time.”
Rapid progress
Even by the standards of the UK’s dynamic financial technology or “Fintech” industry Countingup has seen rapid growth since it launched in March 2018. Already over 8,000 small businesses have opened accounts with the London based company. Countingup has already processed over £100m of transactions.
The complete financial platform for 1m small businesses
With a bold vision to become the financial platform for 1m businesses globally, Countingup has big plans for 2019.
CEO, Fouracre explains “There’s more to come in 2019 as we’ll be making sure that we’re fully ready for the “Making Tax Digital” project that HMRC will be rolling out for VAT. Invoicing is just the beginning!.”