AccountsIQ has acquired ExpenseIn

Arrowpoint Advisory’s TMT sector team has advised the shareholders of AccountsIQ, the leader in cloud-based accounting software for mid-market businesses, on its acquisition of ExpenseIn, a prominent expense management platform to expand its finance suite, empowering CFOs with integrated financial and expense management solutions. This strategic move is set to enhance AccountsIQ’s capabilities, combining advanced financial management with comprehensive expense processing to serve a growing base of modern finance teams.

Headquartered in Dublin, with a second office in London, AccountsIQ has a proven track record of delivering results for mid-market companies. With over 100 employees and more than 35,000 users worldwide, the company has become a trusted partner for businesses looking to modernise their financial operations.

Since receiving investment from Axiom in June 2024, AccountsIQ has been on an ambitious growth trajectory. The company has launched cutting-edge product features and expanded its team with world-class talent to strengthen its market position. The acquisition of ExpenseIn is a natural next step, aligning with its vision to expand beyond traditional finance functions and deliver more value to the office of the CFO.

Founded in 2015, ExpenseIn has built a strong reputation in the expense management sector, processing over one million expenses monthly for customers spanning 40+ countries. The company’s clients include notable names such as Ascot, Corpay, and Bath Rugby. By integrating ExpenseIn’s innovative platform, AccountsIQ aims to deliver a multi-product solution tailored to the evolving needs of finance teams and CFOs.

Darren Cran, CEO of AccountsIQ, said: “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, commented: “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.”

Jonathan Organ, Partner at Axiom, shared: “We would like to thank Ian and the team for their support on this deal. The team’s deep track-record advising mid-market software and Office of the CFO companies made them the perfect fit.”

Ian Guilfoyle, Director at Arrowpoint Advisory, concluded: “We are delighted to have supported AccountsIQ and Axiom on this exciting acquisition. The deal further strengthens AccountsIQ’s position within the mid-market. We look forward to seeing both businesses continue to scale as they deliver much needed cloud solutions to the mid-market.”

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