Mike Moate and Tim Fouracre/Countingup.
Countingup hits 13,000 business banking customers as it enters the fray for RBS Competition Fund cash
Tim Fouracre is preparing a £5m Pool D application ahead of Tuesday's deadline.
Digital business and accounting app Countingup has reached a milestone of 13,000 customers less than 12 months after launching.
“Our customers have transacted more than £250m and have already created thousands of invoices,” said Tim Fouracre, Countingup’s founder and CEO.
“We’re delighted to have surpassed the 10,000 customer mark in under a year, considering it took Xero over two years to reach the same number.”
Countingup bundles a business current account along with bookkeeping features aimed at sole traders and freelancers, like auto-matching invoices with payments and expenses management.
Fouracre is also launching Making Tax Digital-compliant VAT returns in time for the first filings for the April-June quarter.
“Joining Countingup is the simplest way for businesses to comply with the new VAT regulations without spending large sums on accounting software,” he said.
Pool D applications, which include that of Countingup’s rival Coconut, close on Tuesday with awards expected in June.