Accounting company AccountsIQ has raised $65 million in Series C funding. The investment will be used to enhance its product, leveraging advancements in AI throughout all aspects of the solution.
AccountsIQ, a cloud-based accounting platform, announced a €60 million (~$65 million) Series C investment from Axiom Equity.
This investment will enable the company to move to its next development level as a leading international financial management system (FMS), expanding its team to over 200 people within the next few years and boosting its AI capabilities, providing even greater value to its varied customer base.
“Having hit a critical milestone with over 1,000 customers, we are now poised to take the AccountsIQ product and service to the next level. This investment comes at a perfect inflection point for our offering, to allow us leverage AI tools into practical, easy to adopt services for our user base; to make finance team roles more flexible, valuable, less repetitive and indeed more interesting.” (Tony Connolly, Founder and CEO of AccountsIQ)
“We were immediately impressed when we met the AccountsIQ team and saw the product and its positioning. The deep understanding of their customer base and forward-thinking vision deeply resonated with our team. Recognising the potential to accelerate AccountsIQ’s product development with additional capital and expertise, we are excited to be partnering with them to scale AIQ to the next level.” (Martin Wygas, Founding Partner of Axiom Equity)
About AccountsIQ:
AccountsIQ is an accounting software designed to accelerate business growth through automation and data-driven finance solutions. The platform streamlines the process with seamless consolidations, customizable reporting, and comprehensive analysis. It provides real-time insights that enhance collaboration and support strategic decision-making across intricate organizational structures.
(Source & Image Credit: AccountsIQ)
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