KashFlow secures further capital to fund expansion

KashFlow has secured a second round of capital funding, the company has said.

It has now agreed a second round of capital funding from the Lord Young of
Graffham, former executive chairman of Cable & Wireless and secretary of
state of Trade & Industry, it said in a press release today.

Since KashFlow received its first round of funding in January 2006 the
company has tripled its turnover and customer base. The second round of funding
will enable the KashFlow management team to achieve further market penetration
in its target market of small-to-medium-sized-enterprises, as well as strengthen
its ‘direct to accountants’ division that launched in late 2006.

KashFlow’s small business accounting software is designed for Mac and Windows
and can be used by professionals and non-accountants alike.

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