SME banking and accounting app Countingup has raised £4mn funding.
In Brief:
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The round was led by ING Ventures.
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It also included Triple Point, CVentures and Big Start Ventures.
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The business has processed over £1bn transactions for over 20,000 SME customers.
What does this mean?
Coutingup helps reduce cost and friction for SMEs by combining accountancy and banking in one digital solution – a goal that has obviously resonated with ING. The funding will be used to accelerate its product roadmap and make processes easier and more efficient. Countingup has cited lockdown as a time where many people will use apps like its offering to open bank accounts and start businesses.
