Introduction
Countingup, the UK-based financial super app, has reached a significant milestone by surpassing £10 billion in customer transactions. This achievement reinforces its role as a key player in the UK’s business banking ecosystem. Combining a business’s current account with advanced accounting and tax tools, Countingup continues to innovate and simplify financial management for small business owners.
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Industry Comments
“This milestone marks a pivotal moment in Countingup’s journey and is a testament to the trust and confidence our customers have placed in us,” says Tom Platt, CEO of Countingup. “We’re incredibly proud to have facilitated over £10 billion in transactions for our customers, all whilst providing small businesses across the UK with the financial tools they need to start, run and grow their business.”
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FAQs
What makes Countingup unique in the business banking market?
Countingup is a financial super app that integrates a business current account with accounting and tax management tools. It provides small business owners with an all-in-one solution to track expenses, manage tax liabilities, and handle admin tasks, saving both time and money.
How is Countingup enhancing its tax capabilities?
Countingup plans to expand its tax features, including more accurate categorisation, automated tax filing, and smart recommendations for tax efficiency. This will simplify processes for VAT, corporation tax, and annual accounts, making tax management seamless for small businesses.
How does Countingup support small business owners?
By automating time-consuming admin tasks, Countingup helps small business owners stay on top of their finances. It notifies users of tax deadlines, helps them save for liabilities, and streamlines compliance processes, freeing them to focus on growing their businesses.
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Conclusion
Countingup’s milestone of £10 billion in transactions underscores its impact on the UK’s business banking ecosystem. With plans to enhance its tax capabilities and automate financial processes further, the app aims to provide small business owners with an efficient and comprehensive financial management solution. Countingup continues to lead the way in empowering entrepreneurs with tools that save time, reduce stress, and support business growth.
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