AUSSIE FINTECH TACKLES UK'S PRIVATE SECTOR

Written on the 13 May 2016

AUSSIE FINTECH TACKLES UK'S PRIVATE SECTOR

A SYDNEY fintech is poised to take a bite out of the UK's private sector with the launch of its cloud accounting software.

Reckon (ASX:RKN) will target small to medium enterprises in the region with its Reckon One platform, which offers accounting services, automatic compliance updates, superannuation and leave tracking.

The UK represents a significant market for the company with the country supporting 5.4 million private sector businesses, of which 99.9 per cent are SMEs, according to research by the UK's Department for Business Innovation and Skills.

Reckon CEO Clive Rabie says only a small number of businesses use online accounting software despite a high level of technological literacy.

"The size and demographics of the UK's SME market represents a compelling opportunity for Reckon," Rabie says.

"We are well positioned to own the market and educate businesses on the future of online accounting, and support SMEs as they grow from startup to success.

"Our expansion of Reckon One into the UK illustrates our commitment to long-term growth within the company and will cement our reputation as a trusted and innovative software provider.

"Unlike our major competitors, we have built Reckon One entirely in-house using exclusively Australian resources. We are enormously proud to be expanding and taking on companies in the UK."

Rabie says the expansion caps off an 'exciting' 12 months for the company, including adding a payroll module to attract both sole-traders and SMEs and launching the product internationally.

Reckon also operates in the US and New Zealand.

 


Latest News

SA GOVERNMENT APPOINTS ESCAPENET TO DELIVER ULTRA HIGH-SPEED INTERNET

THE South Australian government has appointed Adelaide business EscapeNet to deliver a $7.6 million ultra high-spe...

CAIRNS COUPLE DIVE INTO THE SHARK TANK AND CONVINCE FELLOW 'BOATIE' GLEN RICHARDS TO WORK WITH THEM

THEY'RE a husband and wife team with an invention that can help save the Great Barrier Reef, and lives, and Pe...

AFTERPAY MERGER WITH TOUCHCORP GIVEN THE GO-AHEAD BY FEDERAL COURT

AFTERPAY Holdings Limited (ASX: AFY) has been given the green light by the Federal Court for its merger with Touch...

MEGAPORT TARGETS GLOBAL EXPANSION WITH $27.8M CAPITAL RAISING

MEGAPORT Limited (ASX: MP1) will complete a $27.8 million capital raising to assist in expanding the group's plat...

Related News

CAIRNS COUPLE DIVE INTO THE SHARK TANK AND CONVINCE FELLOW 'BOATIE' GLEN RICHARDS TO WORK WITH THEM

THEY'RE a husband and wife team with an invention that can help save the Great Barrier Reef, and lives, and Pe...

DOWNER EDI GRABS MORE THAN 50 PER CENT STAKE IN HOSTILE TAKEOVER TARGET SPOTLESS

DOWNER EDI Limited (ASX: DOW) now holds more than 50 per cent of Spotless Group Holdings Limited's (ASX: SPO) sha...

STRUGGLING TEN NETWORK IS 'CASH POSITIVE' AND CAN BE SAVED, ADMINISTRATOR SAYS

THE ADMINISTRATORS of the Ten Network say the struggling broadcaster has cash to continue operating and have also ind...

METCASH NET PROFIT FALLS 20 PER CENT, ANNOUNCES CEO WILL STEP DOWN IN 2018

FOOD and grocery giant Metcash has announced its full year net profit has fallen more than 20 per cent and its CEO Ia...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter