Dublin’s AccountsIQ raises €60M to boost AI integration in cloud accounting platform: Know more
Summary
Martin Wygas, Founding Partner of Axiom Equity, says, “We were immediately impressed when we met the AccountsIQ team and saw the product and its positioning. The deep understanding of their customer base and forward-thinking vision deeply resonated with our team.” “Recognising the potential to accelerate AccountsIQ’s product development with additional capital and expertise, we are excited to be partnering with them to scale AIQ to the next level.” Founded in 2004 by Tony Connolly, AccountsIQ offers a Software-as-a-Service (SaaS) financial management system (FMS) designed to transform finance functions. The platform enables digital collaboration between finance teams and business stakeholders, providing timely and relevant information to enhance organisational financial intelligence and decision-making capabilities. The funds will accelerate AccountsIQ’s growth as a “leading international” FMS provider, expanding its team to over 200 people and bolstering its AI capabilities. Founder and CEO Connolly says, “Having hit a critical milestone with over 1,000 customers, we are now poised to take the AccountsIQ product and service to the next level.” “This investment comes at a perfect inflection point for our offering, to allow us to leverage AI tools into practical, easy to adopt services for our user base; to make finance team roles more flexible, valuable, less repetitive and indeed more interesting.”
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