AccountsIQ
“Can a multi-entity mid-market accounting platform become the AI-native alternative to NetSuite/Intacct for finance teams that have outgrown Xero?”
Founded2004
HQDublin, Ireland
Total raised~$77M
Latest roundSeries C, 2024
IndustryHorizontal SaaS / Accounting
The story
Founded 2004 in Dublin by chartered accountants; launched cloud FMS in 2008 aimed at multi-entity mid-market businesses (a gap between Xero/QuickBooks and NetSuite/Intacct). Bootstrapped for nearly two decades with only ~€12.7M of outside capital before a €60M Series C from Axiom Equity in 2024 to accelerate AI-native features. Positioning is squarely 'the finance function of the future' for mid-market — multi-entity consolidation, multi-currency, and now AI-assisted reconciliation/close.
Product timeline
2008
Launched cloud-based financial management system for multi-entity SMEs· launch
2021
€5.8M Series B led by Finch Capital· funding
2024
€60M Series C from Axiom Equity to embed AI across the platform· funding
The stack
3 layers disclosed in AccountsIQ’s embedded-finance stack
Open banking
FX & payouts
in the full report
Accounting
in the full report
Accounting gap: none
25 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.