A multi-million pound investment round is driving the growth of London-based fintech

A London fintech has announced it has completed a £ 9.1m investment round to grow its team and business.

Countingup, a business checking account with integrated accounting software, has completed the multi-million pound Series A investment round led by Framework Venture Partners and in which Gresham House Ventures, Sage and existing investors participated.

The funds will be used to drive product innovation, growth and team expansion.

Tim Fouracre, CEO and Founder of Countingup, commented: “We are pleased to have the support of seasoned investors on our way to becoming the ultimate financial tool for the self-employed.

“This round of funding will help advance our product roadmap, including the launch of our digital tax filing service, which will be of great help to small businesses as new rules for Making Tax Digital come into effect in April 2022.”

Peter Misek, founding partner of Framework Venture Partners, said, “Countingup is the fintech among the hundreds that Framework has hit and that truly eliminates the massive friction that entrepreneurs face every day.

“Entrepreneurs wake up every day with what they love, and Countingup helps them do it.

“No entrepreneur ever says,“ I can’t wait to do my bookkeeping! Can’t wait to pay my taxes! “By using Countingup, the drudgery of a small business is gone.

“We believe Countingup can rid the small business in the UK of this inevitable fact of life and bring back some happiness. After the year we all had small businesses that made countingup! “

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London Herald