Series Funding: Akaunting raises $500K!

Jan 15, 2021 2 min
$500K Series funding

Series Funding: Akaunting raises $500K!

Reading Time: 2 minutes

We have raised $500,000 in our first series of funding

It’s one thing to have a passion and another to have people believe in your passion.

We are humbled to announce that Akaunting has raised $500,000 in series funding to better serve small businesses worldwide.

While launching Akaunting 3 years ago, we only thought about whether it would be loved or not.

Three years later, we have seen impressive growth in user base and acceptance by thousands of small businesses worldwide.

Series funding for Akaunting free accounting software

We aim to simplify accounting processes and aid business continuity for freelancers and small to mid-size businesses.

Such responsibility requires great dedication and motivation.

Thanks to everyone that have supported our journey so far. You’ve been our motivation and fuel to continue improving and building solutions.

We can only think of doing better as a way of saying thank you.

With this series of funding, we’ll expand the service areas of Akaunting and provide more solutions.

Expect a better user interface, intuitive experience, and more apps to ease how you handle bookkeeping processes.

We want to thank you and our investors who believe in us.

About Akaunting

Akaunting is free online accounting software for small businesses, providing a range of business solution apps (150+) within its app store. 

Whether you are a freelancer offering services to individuals/companies or a 2+ person company, you can create and send unlimited invoices; Track income and expenses; manage items, vendors, and customers, all for free.

From an accountant’s perspective, there are necessary features that aren’t free. The journal entry, chart of accounts, Bank feeds, and balance sheet are in the paid plan.

Akaunting is created with Tailwind on the front end, using PHP 8.0 and Laravel 9 as infrastructure.

It licenses under the GPL-3.0 license age.