Financial Management software
Updated: November 18, 2021
2021. Nigeria’s Kippa gets $3.2M pre-seed for its small business finance management app
Nigerian startup Kippa, attempting to improve the life cycle of these small businesses with its finance management app, has raised $3.2 million in pre-seed funding. Kippa works as a simple app where small business owners can keep track of their daily income and expense transactions, create invoices and receipts, manage inventory and generally monitor how their businesses ebb and flow over time. One of the app’s most important features, according to the company, is that it helps merchants keep track of debtors and send automated reminders to them. The company claims that merchants who use Kippa this way “recover debts 3x faster.”
2021. Cube raises $10M more to help companies plan their financial future
Cube, a startup that builds financial planning and analysis software for the mid-market, announced that it has raised a $10 million Series A. Cube wants to build software for FP&A work that at once isn’t awful, and doesn’t require companies to stop using spreadsheets. The company’s software absorbs information from a company’s general ledger (accounting software), CRM (Zoho CRM, perhaps) and payroll service into one location. From there, CFOs and their team can view the past and sketch their financial future using a few different viewing methods, including the venerable spreadsheet.
2021. AccountsIQ scores €5.8M for its financial management software for SMEs
AccountsIQ, a Dublin-based financial management software startup, has raised €5.8 million in funding. AccountsIQ’s cloud-based FMS aims to simplify how multi-entity businesses “capture, process and report” their financial results. These include businesses that are expanding via subsidiaries, branches, SPVs or a franchise model — and specifically those that trade across different locations, currencies and jurisdictions. The idea is to plug a gap in the market that AccountsIQ says exists between low-end products like Xero, QuickBooks and Sage, and much higher-end and more expensive products like NetSuite, Intacct and SAP.