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Countingup

Countingup

🇬🇧 United Kingdom
countingup.com
Digital BankingSME Finance
About

Sole traders and micro-businesses in the UK spend a disproportionate share of their working time on financial administration — bookkeeping, invoicing, VAT returns, self-assessment — tasks that add no value to the business but carry real consequences if done incorrectly. Countingup was founded in London in 2017 to eliminate that administrative burden with a business current account that has bookkeeping built directly into the product. Rather than connecting a bank account to a separate accounting app, Countingup combines them from the start — transactions are automatically categorised, VAT is tracked in real time, and tax estimates are updated continuously based on actual income and expenses. The integration removes the synchronisation problems, subscription costs, and manual reconciliation that define the experience of running a separate bank account and accounting product. Countingup targets the UK's five million sole traders and micro-businesses — a segment that has been chronically underserved by both traditional banks and accounting software companies that design for businesses larger than they are. In the UK SME fintech landscape, where Tide, ANNA, and Starling Business compete for the same customers, Countingup's vertical integration of banking and accounting is a product differentiator that is difficult to replicate without rebuilding both layers simultaneously.

Categories
Digital BankingSME FinanceCash flow toolsAccounting integrationsBusiness accounts
Services
cash flow toolsaccounting integrationexpense trackinginvoice toolsbusiness banking
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Quick facts
Founded2017
FoundersTim Fouracre
Employees50-200
Users50k+
Business modelB2B
Target customersSMEs
Geographic focusWestern Europe
Last updatedUpdated 6 days ago