Financial management software developer AccountsIQ has closed a €5.8m investment from FinTech-focused investor Finch Capital.
The FinTech company claims to solve accounting challenges faced by companies that operate across multiple, locations, currencies and jurisdictions.
Based in Dublin, the company offers cloud-based financial management software to help businesses capture, process and report their results. Its API offers cloud accounting, reporting, tax and to help businesses.
It also leverages AI and an open API strategy to automatically synchronise bank accounts, generate electronic payments and auto-post electronic invoices.
AccountsIQ CEO and founder Tony Connolly said, “The combination of Brexit and Covid has led businesses to reconsider their regional presence. Previously, businesses looking to expand or franchise internationally would have to implement complex and expensive systems to manage these operations. Now they can do it all with a cloud-based, scalable and affordable FMS solution.
“We built AccountsIQ as a cloud solution to make it easy for individual entities to manage local finances while providing instant group-wide control and analysis of results.”
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