Our Corporate Finance team advises Axiom Equity backed AccountsIQ on their acquisition of ExpenseIn

Our Corporate Finance team recently provided financial and tax due diligence to AccountsIQ, a leading provider of cloud-based accounting software backed by Axiom Equity, on their acquisition of ExpenseIn.

AccountsIQ offers cloud-based accounting solutions designed to simplify financial management. Its platform provides tools for financial consolidation, reporting, and real-time analysis, enabling businesses to streamline operations and make informed, data-driven decisions.

ExpenseIn, which will continue to operate under its current name, shares the same customer-focused approach as AccountsIQ. Founded in 2015, the company processes over one million expenses each month and serves customers in more than 40 countries. The acquisition supports AccountsIQ’s vision to expand beyond finance teams into the broader business user function, bringing a multi-product solution to the office of the CFO, by integrating ExpenseIn’s advanced capabilities. The Group now supports a combined user base of over 175,000 users, providing a deeper, more integrated solution for modern finance teams. 

Darren Cran, CEO of AccountsIQ, commented: “Both AccountsIQ and ExpenseIn have a shared vision for innovation and growth, and we’ve had an increasing number of joint customers in recent years. This acquisition bolsters our position as a leading finance management solution for ambitious finance teams in the mid-market, with our combined knowledge and experience allowing us to really understand what our customers need and deliver the technology to match.”

Richard Jones, Managing Director of ExpenseIn, added: “There’s a natural synergy between our companies, as both AccountsIQ and ExpenseIn are passionate about delivering great products and experiences for our customers. We share a joint commitment to provide the office of the CFO with market-leading software and understand the changing requirements of fast-paced modern finance teams and the challenges they face. I look forward to working closely with Darren and the AccountsIQ team as we continue to innovate and scale.”

Brad McAvoy, who led the team at James Cowper Kreston Corporate Finance, supported by Nikul Patel commented: “We are thrilled to have supported AccountsIQ on this acquisition. ExpenseIn’s innovative solutions align with AccountsIQ’s growth strategy, and we are excited to see how the combined strengths of both companies will drive continued success and innovation in the market.”