AccountsIQ Secures $65M for AI Expansion

Significant Funding: AccountsIQ raises €60 million ($65 million) in Series C funding led by Axiom Equity.
AI Product Expansion: Funds to fuel the development of AI-powered products for accountants.
Global Reach: Over 1,000 customers and 20,000 users benefit from AccountsIQ’s cloud-based financial management software.

Enhanced AI Capabilities: Funding will support research into advanced AI tools, improving automation and efficiency for financial processes.
Growth and Hiring: Plans to more than double the team to over 200 employees, driving growth and innovation.
Customer Benefits: AI integration aims to make finance roles more flexible and interesting, reducing repetitive tasks.
Competitive Edge: Strengthens AccountsIQ’s position against competitors like Quickbooks, Sage, and traditional non-cloud setups.
Strategic Expansion: Positions AccountsIQ to leverage AI tools for practical, user-friendly services, enhancing its product offerings.

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