About Bankstream
Bankstream is a Technology company based in London (United Kingdom) founded in 2013, and was acquired by QuickBooks in October 2016. Software for automatic bank transaction data collection is provided. The company has 246 employees. Bankstream offers products and services including QuickBooks Online Accountant, QuickBooks Online, and QuickBooks Payroll. Its focus areas include FinTech, Finance & Accounting Tech, Tools for Finance Professionals and Accountants. Its legal entity is INTUIT LIMITED.
Company details
Bankstream is a product of MTS Global. Bankstream provides software to be used by accountants, which collects transaction data of their clients and delivers the data to these accountants on a daily basis. Participating banks financial institutions provide data through Bankstreams Livefeed service. Statements from other banks financial institutions can be scanned and uploaded through Bankstreams Scanfeed service. After collecting the data, the software automatically processes it and codes recognized transactions to the designated charts of accounts. The processed data can then be transferred directly to the clients accounting systems such as Sage, KashFlow and Twinfield among others. The software also allows customers to create financial management reports. The software has achieved ICAEW accreditation in the Electronic Data Collection and Accounts Processing Software category.
- Headquarters London, United Kingdom
- Employees 246
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Website bankstream.co.uk
- Social LinkedIn X
- Acquired by QuickBooks (Oct 2016)
- Legal Name Intuit Limited
- Date of Incorporation 21 Jan, 1992
- Jurisdiction LONDON
- Annual Revenue$211 M (USD)40as on Jul 31, 2021
- Net Profit$7.09 M (USD)-91as on Jul 31, 2021
- Investors
- Employee Count246
- Acquired byQuickBooks
(Oct 2016)
Products & Services of Bankstream
Bankstream offers a comprehensive portfolio of products and services, including QuickBooks Online Accountant, QuickBooks Online, and QuickBooks Payroll.
Free platform for accountants to manage practices and clients.
Subscription service for business financial tracking and invoicing.
Tool for streamlining payroll and tax filings for businesses.
Investors in Bankstream
Bankstream has secured backing from 1 investor. Prominent investors backing the company include QuickBooks.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Accounting software for small and medium businesses is offered. | 2000 | quickbooks.com | Mountain View, United States |
Investor details for Bankstream
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Bankstream
2 dated milestones of Bankstream across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Bankstream is founded.
- Exit Acquired by QuickBooks.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Bankstream
Bankstream was founded in 2013.
Bankstream is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Bankstream has 246 employees.
Annual revenue of Bankstream is $211M as on Jul 31, 2021.
Bankstream is a product of MTS Global. Bankstream provides software to be used by accountants, which collects transaction data of their clients and delivers the data to these accountants on a daily basis. Participating banks financial institutions provide data through Bankstreams Livefeed service. Statements from other banks financial institutions can be scanned and uploaded through Bankstreams Scanfeed service. After collecting the data, the software automatically processes it and codes recognized transactions to the designated charts of accounts. The processed data can then be transferred directly to the clients accounting systems such as Sage, KashFlow and Twinfield among others. The software also allows customers to create financial management reports. The software has achieved ICAEW accreditation in the Electronic Data Collection and Accounts Processing Software category.
Bankstream offers QuickBooks Online Accountant, QuickBooks Online, and QuickBooks Payroll.
Bankstream has 1 investor. Key investors include QuickBooks.
Bankstream operates through Intuit Limited.
Yes. Bankstream was acquired by QuickBooks in October 2016.