AccountsIQ secures €60 million in Series C funding for growth.

TLDR: AccountsIQ Secures €60 Million In Series C Investment

AccountsIQ, a cloud-based accounting platform, has recently closed a €60 million Series C funding round led by Axiom Equity. This investment will be used to further develop the AccountsIQ product, particularly focusing on incorporating advancements in AI. AccountsIQ offers a financial management system (FMS) Software-as-a-Service that helps transform finance functions by addressing complex issues like multi-currency consolidation and automation of daily processes. The funding will also allow AccountsIQ to expand its team, enhance its AI capabilities, and provide more value to its diverse customer base.

Key Points:

• AccountsIQ secures €60 million in Series C investment led by Axiom Equity
• The funding will be used to develop the AccountsIQ product, particularly focusing on incorporating advancements in AI
• AccountsIQ offers a financial management system (FMS) Software-as-a-Service to transform finance functions by addressing complex issues like multi-currency consolidation
• The funding will enable AccountsIQ to expand its team, enhance its AI capabilities, and provide more value to its customer base

AccountsIQ, founded by Tony Connolly, has reached a critical milestone with over 1,000 customers. The investment comes at a strategic point for the company to leverage AI tools into practical services for its user base, making finance team roles more flexible and valuable. Axiom Equity, the lead investor, was impressed by the deep understanding of AccountsIQ’s customer base and their forward-thinking vision. They believe in the potential to accelerate the company’s product development with additional capital and expertise, helping elevate AccountsIQ to the next level of success.

Overall, this funding round signifies a significant step for AccountsIQ in its mission to provide advanced financial management solutions powered by AI, ultimately enhancing the decision-making process for businesses. With the additional resources and expertise, AccountsIQ is well-positioned to continue growing and delivering value to its customers in the years to come.