Expert Collections containing FreeAgent
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
FreeAgent is included in 3 Expert Collections, including SMB Fintech.
Gig Economy Value Chain
Startups in this collection are leveraging technology to provide financial services and HR offerings to the gig economy industry
Excludes US-based companies
Latest FreeAgent News
Oct 31, 2023
Mettle , the free business bank account built for the self-employed by NatWest, now offers the award-winning accounting software FreeAgent‘ s tax calculation in-app. This integration within a business bank account will give the self-employed more confidence around their business admin and give them a real-time view of the tax they owe. The tax calculation, which is available for free to all Mettle customers whose accounts are connected with FreeAgent, will take the guesswork out of how much tax they are likely to owe each year. It’ll help customers stay on top of their taxes by showing a real-time view directly in their banking app. As a customer completes their bookkeeping tasks in both the Mettle app and their FreeAgent account, like categorising transactions and uploading receipts, FreeAgent will work in the background to calculate the taxes relevant to their business. This includes income tax, Corporation Tax and VAT. Once these tasks have been completed, Mettle will sync this information with the customer’s FreeAgent account and upload the receipt to their transactions so they can see an up-to-date view of their tax position. Only 56% of Mettle customers said they were confident in submitting their tax returns, according to an internal survey by Mettle. But this confidence comes from experience. Only 24% of customers who are due to submit their first tax return feel confident in doing so. To further help customers be more tax confident, Mettle also offers Money Pots with automated rules to help them save regularly for tax or business expenses. Customers can set a rule so that a percentage of every inbound transaction goes directly into their tax pot. Alongside the tax calculation, this feature helps to make sure customers are ready for their end-of-year returns. This new calculation feature also comes with FreeAgent’s Tax Timeline, and offers different views for sole traders and limited companies. With this, customers can see a view of upcoming tax returns and payment deadlines tailored to their small business directly in the Mettle app. Rachel Booth, Director of Product at Mettle, comments: “For the self-employed, getting an accurate view of what tax they owe so they can plan ahead is so important. Working with FreeAgent to bring this functionality directly into a business bank account is game changing. Our customers now have what they need to get their business admin completed – from categorising payments and automatically setting money aside to now seeing what tax they owe. We’re giving the self-employed the tools they need to succeed with their business finances.” Roan Lavery, CEO and co-founder of FreeAgent, comments: “With this integration of our smart tax calculation within Mettle accounts, we hope that small business owners will have better clarity than ever over their accounts and feel smarter and more confident about their finances. “By taking the mystery out of how much tax they owe, and enabling them to save the amount into an automated Money Pot, Mettle customers will be freed up to do what they do best: running healthy, happy businesses.” The tax calculation feature is available for both sole traders and limited companies. To see these features in the Mettle app, customers have to be synced to FreeAgent, which they can do through the Mettle app, and update their app to the latest version. People In This Post Fintech News Paytech Funding Insurtech
FreeAgent Frequently Asked Questions (FAQ)
Where is FreeAgent's headquarters?
FreeAgent's headquarters is located at 40 Torphichen Street, Edinburgh.
What is FreeAgent's latest funding round?
FreeAgent's latest funding round is Acq - P2P.
How much did FreeAgent raise?
FreeAgent raised a total of $12.12M.
Who are the investors of FreeAgent?
Investors of FreeAgent include Royal Bank of Scotland, Gresham House Ventures, Seedrs, SaaS Capital, Lightbank and 9 more.
Who are FreeAgent's competitors?
Competitors of FreeAgent include FreshBooks and 8 more.
Compare FreeAgent to Competitors
FreshBooks provides an accounting software platform. It helps in invoicing, time-tracking, expense management, online payments, bank reconciliation, and double-entry accounting. The company serves freelancers, small businesses, self-employed professionals, and more. It was founded in 2003 and is based in Toronto, Canada.
Fiskl is a company that focuses on providing intelligent finance and accounting solutions, operating within the financial technology sector. The company offers a range of services including AI-powered financial management, accounting, and tax management, all designed to simplify and automate these processes for small businesses. Fiskl primarily serves the small business sector. It was founded in 2014 and is based in London, England.
Glean AI operates as an artificial intelligence (AI) powered account payable platform. It combines smart automation with spending intelligence and powers finance teams to drive material savings. The company was founded in 2019 and is based in New York, New York.
Banana.ch is a software solution company that specializes in the development of accounting software for small businesses, non-profit organizations, and individuals. The company's main product, Banana Accounting Plus, is a user-friendly software that provides professional accounting services including expense and revenue management, VAT management, invoicing, budget planning, inventory management, and time management. The company primarily serves the financial technology industry. It was founded in 1990 and is based in Lugano, Switzerland.
Clear Books is a company that focuses on providing online accounting software, operating within the financial technology sector. The company offers services such as invoicing, instant bank payments, bill and receipt tracking, and financial reporting, all designed to help small businesses manage their finances. Their primary customers are small businesses, contractors, freelancers, and sole traders in the UK. It is based in United Kingdom.
Visma focuses on providing business software solutions. The company offers cloud software for the work lives of entrepreneurs, businesses, and societies to help their operations. It primarily serves small businesses, medium- and large enterprises, and the public sector. The company was founded in 1996 and is based in Oslo, Norway.