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Countingup

Can a single app combining a business current account, automated bookkeeping, and embedded finance services replace the multi-tool stack for the UK's 5 million+ sole traders and micro-SMBs?

Founded2017
HQLondon, United Kingdom
Total raised$21.2M
Latest roundAngel Round (2017)
IndustryFintech / SMB banking
The story

Countingup launched in 2018 as a business current account for UK sole traders and micro-businesses, differentiating itself by embedding bookkeeping and tax automation directly into the banking layer. Rather than pivoting away from its core audience, it has deepened the financial-services stack on top of the account — adding invoicing, expense management, and in 2024 embedded lending via iwoca — pursuing the vision of a single-app financial OS for the UK's self-employed and small limited companies.

Last 12 months
2024-02
Product timeline
2017
Counting Ltd founded with £660K angel round to build a combined business current account and accounting software for UK sole traders.· banking
2018
Countingup business current account launched, powered by Edenred Payment Solutions (Prepay Technologies), becoming the first UK challenger to combine invoicing, expense tracking and a current account in one app.· banking
2024
Partnered with SME lender iwoca to embed iwoca's Flexi-Loan product directly into the Countingup app via API, giving ~10,000 users same-day loan decisions.· lending
The stack
Banking / BaaS
Edenred Payment Solutions (Prepay Technologies Ltd)
Lending
iwoca Flexi-Loan (embedded)
Accounting gap: none