Xero Hits Escape Velocity With 100000 Customers Count
Xero held its annual meeting last week and detailed its current performance. Xero annual meetings are always an interesting event, Xero has an incredibly supportive shareholder base, while most publicly listed company AGMs include a fair dose of critique and questioning, Xero’s events instead ring to the sound of hand-clapping
FreeAgent Acquires 60mo–Plans US Expansion
Big news in the SaaS accounting space this morning as FreeAgent announces that it has acquired US accounting provider 60mo and will be using the company as its vehicle for a US expansion. 60mo is a small SaaS provider that has quietly been going about building a small following for its financial forecasting tool. They’ve [...]
FreeAgent Eases Life for Freelancers and their Expenses Conundrum
Like many freelancers, I incur significant expenses in the course of my contracting work and have to on-charge these expenses to clients. Ideally I’d tick a box in my accounting application and that would allow that cost to flow through to a client invoice without me having to enter it in two places. One of [...]
Wave Nabs Funding–On Free vs Paid
The other day SaaS Accounting vendor Wave announced that it had just closed $5 million in funding led by well respected VC, Charles River Ventures. While yet another vendor raising a series A wouldn’t usually be cause for comment, this is an interesting case in that Wave, as I’ve written about before, is a free [...]
FreeAgent Nabs Series B
News just in that UK SaaS accounting vendor FreeAgent has nabbed GBP2M in investment from SM Trust and Torch Partners. It’s an interesting development given the other two main players in the UK market, Xero and KashFlow are both currently well funded – Xero via an IPO and some subsequent private investment and KashFlow from [...]
Sage in the Cloud, but is it too little too late?
Last week Sage, the UK’s biggest accountancy software supplier, finally released their first real online accounting solution. It looks like a proper SaaS or Cloud offering, unlike the hosted Online 50 product sold through a few resellers from 6 years ago, or their previous failed attempt of SageLive in 2009. I would argue that because [...]
