What is Countingup?
Countingup offers a comprehensive financial management platform designed for the self-employed, freelancers, and sole traders. The service integrates a business current account with automated accounting software, simplifying tasks such as bookkeeping, invoicing, and tax preparation. Trusted by over 100,000 UK businesses, Countingup aims to enhance financial efficiency for its users through its innovative digital solution. The company's commitment to providing a seamless user experience has garnered multiple awards and strategic partnerships.
How much funding has Countingup raised?
Countingup has raised a total of $19.3M across 3 funding rounds:
Angel/Seed
$1.6M
Other Financing Round
$4.9M
Series A
$12.7M
Angel/Seed (2018): $1.6M, investors not publicly disclosed
Other Financing Round (2020): $4.9M led by CVentures, ING Ventures, Triple Point, and BiG Start Ventures
Series A (2021): $12.7M supported by Framework Venture Partners, Gresham House Asset Management, and Sage
Key Investors in Countingup
Framework Venture Partners
Framework Venture Partners is an investment firm that likely focuses on providing venture capital to technology-driven companies, supporting their growth and market penetration.
Gresham House Asset Management
Gresham House Asset Management is an asset manager specializing in alternative investments, including strategic public and private equity, suggesting a focus on companies with long-term growth potential and robust business models.
Sage
Sage is a global leader in accounting and business management software, indicating a strategic interest in companies that complement its existing ecosystem and enhance financial management solutions for businesses.
What's next for Countingup?
With the recent injection of major strategic capital, Countingup is poised for accelerated growth and enhanced service offerings. The company is likely to focus on expanding its user base, refining its product features, and potentially exploring new market segments. This strategic investment will enable Countingup to solidify its position as a leading fintech solution for the self-employed, further automating financial management and providing greater value to its growing customer community. Future developments may include deeper integrations and advanced analytics to support business owners.
See full Countingup company page
