What is Bokio?
Bokio offers an intuitive and free accounting software solution tailored for small business owners in the UK. The platform streamlines essential financial tasks, including bookkeeping, invoicing, payroll, and expense management. Key features designed for compliance and efficiency include automated VAT returns for Making Tax Digital (MTD), smart transaction recording templates, and unlimited user collaboration, facilitating seamless integration with accountants. Bokio serves a broad spectrum of entrepreneurs, from self-employed individuals and small enterprises to specialized consultants and photographers, empowering them to manage their finances effectively and dedicate more time to core business operations.
How much funding has Bokio raised?
Bokio has raised a total of $12.4M across 2 funding rounds:
Unspecified
$4.4M
Other Financing Round
$8M
Unspecified (2019): $4.4M with participation from Chris Adelsbach, Svea, and Creandum
Other Financing Round (2020): $8M led by Creandum, Mattias Söderhielm, Svea Ekonomi, and Mikael Pawlo
Key Investors in Bokio
Creandum
Creandum is a prominent European venture capital firm known for backing successful technology companies like Spotify and Klarna. Their investment in Bokio suggests a focus on scalable software solutions within the European market.
Mattias Söderhielm
An individual investor whose participation indicates confidence in Bokio's business model and growth trajectory.
Svea Ekonomi
Svea Ekonomi's involvement points to a strategic alignment with financial services and potentially lending or payment solutions for small businesses.
What's next for Bokio?
The recent major strategic investment in Bokio signals a pivotal growth phase for the company. This capital is likely to fuel further product development, enhance market penetration within the UK's small business ecosystem, and potentially expand its service offerings. Bokio's focus on simplifying accounting for entrepreneurs positions it for continued expansion, leveraging its free-to-use model to capture a significant market share and solidify its standing as a leading accounting solution for small businesses.
See full Bokio company page
