Accounting and audit tech update: FreshBooks, Galvanize and more
Accountancy Age’s monthly round-up of accounting and audit tech news, including new partnerships, product launches and people moves
On August 10, Canadian cloud accounting software firm FreshBooks announced that it has secured $130m in a Series E funding round, officially propelling it to unicorn status. The company says the new funding will contribute to investing in markets that are becoming more regulated, helping business owners in these jurisdictions to meet the demands of local compliance systems.
On August 11, development finance comparison site Brickflow launched its new introducer programme for accountants. The programme will allow users to instantly connect property developer clients with lenders and earn additional revenue, using proprietary algorithms to return instant results.
Vancouver-based governance, risk and compliance software firm Galvanize, on August 17, announced its new strategic partnership with integrated risk management consultancy firm Turnkey Consulting. The partnership allows Turnkey to offer Galvanize’s HighBond platform to customers as part of its wide portfolio of technology-enabled solutions.
SaaS company Pry Financials has raised $4.2m as part of a bid to make start-up finances more approachable. Announced on August 23, the funding will be used to develop the platform’s ‘financial report dashboards’, which combine balance sheets, profit and loss statements, and cashflow, and add features such as hiring plans, financial modelling and scenario planning.
Finally, on August 26, accounting software firm FreeAgent announced a new partnership with receipt management and financial data software company Sensibill. The partnership will aim to support more than 110,000 business customers in better managing their business expenses by automating their finances, accounting and taxes.