About AccountsIQ
AccountsIQ is a company based in Dublin (Ireland) founded in 2004 by Gavin McGahey.. AccountsIQ has raised $87.62 million across 11 funding rounds from investors including University College Dublin, Enterprise Ireland and Data Electronics. AccountsIQ has completed 1 acquisition, including ExpenseIn. AccountsIQ offers products and services including Cloud Accounting, Consolidation Software, Integrations, and Reporting and BI. AccountsIQ operates in a competitive market with competitors including BlackLine, Clear, Wolters Kluwer, Digits and HighRadius, among others.
- Headquarter Dublin, Ireland
- Founders Gavin McGahey
- Stage Minicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$87.62 M (USD)
in 11 rounds
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Latest Funding Round
$64.7 M (USD), Series C
Jun 13, 2024
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Investors
University College Dublin
& 38 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of AccountsIQ
AccountsIQ offers a comprehensive portfolio of products and services, including Cloud Accounting, Consolidation Software, Integrations, and Reporting and BI. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates core financial operations for efficient management.
Handles multi-entity consolidation to eliminate errors.
Links with apps for real-time data processing.
Provides dashboards for informed decision-making.
Unlock access to complete
Funding Insights of AccountsIQ
AccountsIQ has successfully raised a total of $87.62M across 11 strategic funding rounds. The most recent funding activity was a Series C round of $64.7 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Series C — $64.7M
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First Round
First Round
(30 Dec 2005)
- Investors Count 39
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2024 | Amount | Series C - AccountsIQ | Valuation | Axiom Equity |
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| Apr, 2022 | Amount | Series A - AccountsIQ | Valuation | Finch Capital |
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| Feb, 2021 | Amount | Series A - AccountsIQ | Valuation | Finch Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AccountsIQ
AccountsIQ has secured backing from 39 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include University College Dublin, Enterprise Ireland and Data Electronics. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Early-stage tech and offline focused VC firm investing in geographies such as Europe and South East Asia
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AccountsIQ
AccountsIQ has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ExpenseIn. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Expense management software is offered to small and medium-sized businesses.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - AccountsIQ
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Accountsiq Comparisons
Competitors of AccountsIQ
AccountsIQ operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BlackLine, Clear, Wolters Kluwer, Digits and HighRadius, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI-based accounting processes are automated for businesses.
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| domain | founded_year | HQ Location |
Technology-enabled accounting and finance solutions are offered for SMBs.
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| domain | founded_year | HQ Location |
Enterprise legal processes are managed via an AI-powered platform.
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| domain | founded_year | HQ Location |
SMS-based customer authentication and verification services are provided across platforms.
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| domain | founded_year | HQ Location |
Autonomous finance and payment solutions are provided to businesses.
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| domain | founded_year | HQ Location |
Cloud-based transaction management and reconciliation solutions are offered for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Accountsiq
Frequently Asked Questions about AccountsIQ
When was AccountsIQ founded?
AccountsIQ was founded in 2004 and raised its 1st funding round 1 year after it was founded.
Where is AccountsIQ located?
AccountsIQ is headquartered in Dublin, Ireland.
Who is the current CEO of AccountsIQ?
Darren Cran is the current CEO of AccountsIQ.
Is AccountsIQ a funded company?
AccountsIQ is a funded company, having raised a total of $87.62M across 11 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on Dec 30, 2005.
What does AccountsIQ do?
AccountsIQ was founded in 2004 in Dublin, Ireland, and operates as a cloud-based platform in the accounting software sector. Multi-entity accounting and automated consolidations are supported, along with approval workflows and business intelligence reporting. Open API integrations enable data synchronization with ERP and CRM systems. Multi-currency handling and automated month-end processes are included for distributed finance teams. Scalable general ledger structures and real-time visibility are provided across organizations.
Who are the top competitors of AccountsIQ?
What products or services does AccountsIQ offer?
AccountsIQ offers Cloud Accounting, Consolidation Software, Integrations, and Reporting and BI.
How many acquisitions has AccountsIQ made?
AccountsIQ has made 1 acquisition, including ExpenseIn.
Who are AccountsIQ's investors?
AccountsIQ has 39 investors. Key investors include University College Dublin, Enterprise Ireland, Data Electronics, Axiom Equity, and Finch Capital.
What is AccountsIQ's valuation?
The valuation of AccountsIQ is $19.28M as of Apr 2022.