About My Digital Accounts
My Digital Accounts is a company based in Wilmslow (United Kingdom) founded in 2015.. My Digital Accounts has raised $1.61 million across 1 funding round from investors including Northern Powerhouse Investment Fund. My Digital Accounts offers products and services including Umbrella Payroll Processing, My Digital Finance, and VAT Returns. My Digital Accounts operates in a competitive market with competitors including Intuit, Visma, Xero, Wave and FreshBooks, among others.
- Headquarter Wilmslow, United Kingdom
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name My Digital Accounts Limited
- Date of Incorporation 27 Mar, 2015
- Jurisdiction CHEADLE HULME, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.61 M (USD)
in 1 rounds
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Latest Funding Round
$1.61 M (USD), Seed
Feb 12, 2019
- Investors
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Employee Count
Employee Count
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Products & Services of My Digital Accounts
My Digital Accounts offers a comprehensive portfolio of products and services, including Umbrella Payroll Processing, My Digital Finance, and VAT Returns. 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.
Software for efficient payroll handling of temporary workers.
Platform for contractor invoices and VAT processing.
Tool for submitting VAT returns to HMRC securely.
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Leadership Team
3 people
CTO Team
1 people
CRO Team
1 people
COO Team
1 people
Finance and Accounting
1 people
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Funding Insights of My Digital Accounts
My Digital Accounts has successfully raised a total of $1.61M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.61 million completed in February 2019. 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 1
- Last Round Seed — $1.6M
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First Round
First Round
(12 Feb 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2019 | Amount | Seed - My Digital Accounts | Valuation | Northern Powerhouse Investment Fund |
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| 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 My Digital Accounts
My Digital Accounts has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Northern Powerhouse Investment Fund. 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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Private debt is extended to early-stage companies and SMEs.
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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 My Digital Accounts
| 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 |
Financial Statements - My Digital Accounts
| 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 |
My Digital Accounts Comparisons
Competitors of My Digital Accounts
My Digital Accounts 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 Intuit, Visma, Xero, Wave and FreshBooks, 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 |
Financial and accounting software is developed for businesses and individuals.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is provided for business management across segments.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payment management is offered for small businesses.
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| domain | founded_year | HQ Location |
Web-based accounting software is offered for business use.
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| domain | founded_year | HQ Location |
Cloud-based invoicing and accounting software is offered for businesses.
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| domain | founded_year | HQ Location |
Cloud-based accounting software is provided for small businesses and freelancers.
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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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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 My Digital Accounts
Frequently Asked Questions about My Digital Accounts
When was My Digital Accounts founded?
My Digital Accounts was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Where is My Digital Accounts located?
My Digital Accounts is headquartered in Wilmslow, United Kingdom. It is registered at Wilmslow, Cheshire, United Kingdom.
Who is the current CEO of My Digital Accounts?
John Whelan is the current CEO of My Digital Accounts.
Is My Digital Accounts a funded company?
My Digital Accounts is a funded company, having raised a total of $1.61M across 1 funding round to date. The company's 1st funding round was a Seed of $1.61M, raised on Feb 12, 2019.
What does My Digital Accounts do?
My Digital Accounts was founded in 2015 in Wilmslow, United Kingdom, within the accounting software sector. Cloud-based solutions are provided to businesses and accountants, encompassing automatic bank reconciliation, auto invoicing, tax calculations with balance reports, financial management, employee expense tracking, bulk payroll processing, and VAT returns submission to HMRC. Operations are supported through monthly subscription plans.
Who are the top competitors of My Digital Accounts?
What products or services does My Digital Accounts offer?
My Digital Accounts offers Umbrella Payroll Processing, My Digital Finance, and VAT Returns.
Who are My Digital Accounts's investors?
My Digital Accounts has 1 investor. Key investors include Northern Powerhouse Investment Fund.