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Dublin’s AccountsIQ secures €60M for AI integration in cloud accounting.

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TLDR:

AccountsIQ, a cloud-based accounting platform based in Dublin, has raised €60M in a Series C funding round led by Axiom Equity. The funding will be used to enhance its product with AI integration. AccountsIQ offers a SaaS financial management system designed to simplify finance functions and improve decision-making capabilities. The funding will help the company expand its team and AI capabilities to provide increased value to its global customer base.

Key Elements:

  • AccountsIQ secures €60M in Series C funding round led by Axiom Equity.
  • The funding will be used to enhance AccountsIQ’s cloud accounting platform with AI integration.

Dublin-based AccountsIQ has secured €60M in a Series C round of funding led by Axiom Equity, a B2B SaaS growth equity fund. The funding aims to develop AccountsIQ’s product further, enhancing its capabilities to integrate Artificial intelligence (AI) advancements across its solution. Founded in 2004 by Tony Connolly, AccountsIQ offers a Software-as-a-Service (SaaS) financial management system designed to transform finance functions. It addresses challenges such as multi-currency consolidation, multi-level approvals, third-party integrations, and daily process automation. The platform enables digital collaboration between finance teams and business stakeholders, providing timely and relevant information to enhance organizational financial intelligence and decision-making capabilities.

The funds will accelerate AccountsIQ’s growth as a “leading international” FMS provider, expanding its team to over 200 people and bolstering its AI capabilities. These enhancements aim to deliver increased value to its global customer base. Founder and CEO Connolly says, “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.”


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