FlowAccount, a Thailand-based accounting platform, raised US$4 million in Series A funding.
The round was led by Sequoia Capital India, with investments from Money Forward and SBI Investment.
The fresh capital will go toward expanding the platform’s functionality while scaling its small-business solutions.
Company: FlowAccount Company Limited
Round: Series A
Funding Date: Aug 4, 2021
Investor: Sequoia Capital India
Additional Investors: Money Forward and SBI Investment
Company Website: https://flowaccount.com/en
Software Category: Accounting Software with Banks and eCommerce Platforms
About the Company: Founded in 2015, FlowAccount is the online invoicing firm that offers cloud-based bilingual business solutions to help freelancers, small-business owners, and accountants in Thailand manage their accounting, payroll, and expense tasks on a single platform. FlowAccount online accounting software and FlowPayroll online payroll software through the cloud SaaS (Software as a Service). Its software is for small business owners and for those who are starting their own business to have the tools needed for an easy-to-use do-it-yourself accounting and payroll for employees. FlowAccount currently have 50,000 customers who use the platform’s services, which are integrated with banks and eCommerce platforms. FlowAccount is headquartered in Bangkok, Krung Thep, Thailand.
Source: https://www.techinasia.com/sequoia-leads-thail-saas-firm-flowaccounts-4m-series, https://flowaccount.com/en/about-us,