Float, a Fintech Company, Buys Accounteer

float-devcenterinnovation

Float, a Ghanaian fintech company, has fully acquired Accounteer, a cloud-based accounting service from Nigeria.

This follows the $17 million debt and equity seed round that Float closed in January 2022.

Jesse Ghansah and Barima Effah Adjei founded Swipe in 2020 to offer invoicing services to companies. In June 2021, it changed its name to Float, though.

It provides bill automation, payments to vendors, invoice compilations, and the capability to link and control every bank account and digital wallet used by a business from a single center console.

READ: Oui Capital Completes the First Closure of a $30 Million Fund

It also assists users in opening business accounts, creating payment links, and managing budgets and spending cards.

Accounteer, on the other hand, offers African businesses a single platform that combines record keeping, tax planning, and financial advisory services.

Merijn Campsteyn founded the business, which provides users with among other things the ability to create invoices, track expenses, and register payments.

It offers accounting software that enables businesses to continue operations even when not connected to the Internet.

With this acquisition, Float hopes to address business owners’ poor use of proper accounting and bookkeeping procedures. The proper bookkeeping and transparency that many businesses have lacked will now be possible.

Open chat
1
Need Help?
How Can We Help You?