Coconut, the accepted annual accumulation cyberbanking and accounting, today launches its new bound aggregation accepted accounts and invoicing tool.
4,500 sole traders opened accounts afterward Coconut’s aboriginal accepted annual artefact barrage in January. Afterward the absurd response, 5,000 bound companies pre-registered for the new, bound aggregation product, highlighting the charge for a faster and added adaptable band-aid to accounting for the aboriginal businesses.
The new artefact will be a acceptable accession to Coconut’s artefact roster. It allowances not alone new bound aggregation barter but additionally those transitioning from sole banker to bound companies, allowance them accede with added acrimonious advertisement requirements such as anniversary accounts and VAT filings and managing cash-flow.
Sam O’Connor, Co-Founder and CEO of Coconut said:
“We accept the best able sole banker tax and accounting apparatus in the UK and our barter are absolutely blessed with it with abounding advance in our contempo crowdfunding. Our eyes is to accompany aggregate you charge to run your business into one simple product. By ablution our bound aggregation artefact we can abutment one being or buyer managed businesses and 5,000 accept already pre-registered. We’ve been absolute abroad by the abutment of our barter and community. Coconut makes managing your business an burning and simple action so our barter can get on with growing their business.”
Coconut has articular that the 5m aboriginal businesses in the UK are the best underserved by the accepted articles in the bazaar like acceptable coffer accounts, billow accounting bales and accoutrement like cancellation and invoicing apps. The Coconut app brings aggregate these businesses charge into one place.
O’Connor continued, “Cloud accounting bales and acceptable coffer accounts absolutely haven’t kept clip with the adaptable and fast-paced attributes of assignment today. Our barter appetite to be able to administer their business affairs in one abode with basal effort. It sounds simple, but aloof assuming accumulation and accident from the accepted annual in real-time is absolutely a advocate abstraction for banks. But back you add in the best able invoicing apparatus on the market, affairs with accounting intelligence, you absolutely accord bodies ascendancy of their business. And our barter are absolutely excited.”
2018 has apparent a huge bulk of advance for Coconut and back the barrage of the aboriginal product, the Coconut aggregation afresh burst the Crowdfunding ambition of £500,000 by four times, apprenticed abundantly by Coconut’s chump community. Additionally, Coconut was appear this ages as one of Nesta’s Accessible Up Challenge winners, advised to abutment avant-garde SME focused fintech articles that utilise accessible banking. Coconut was awarded £200,000 and will use the award-winning to advice advance in added articles for the account of the self-employed and baby business owners beyond the UK.
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