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

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she m...

QUEENSLAND WEATHER UPDATE: MAJOR AIRPORTS STILL IN BUSINESS DESPITE CANCELLATIONS AND DELAYS

DESPITE the storms and flash floods which are continuing to wreak havoc across several Queensland cities and towns...

STARS ALIGN AS GOLD COAST ICON REBRANDS

TODAY marks a shift in the Gold Coast's constellation as the iconic Jupiters Hotel and Casino officially rebra...

OROTON GOES CLICKS AND BRICKS AS PROFITS SLIDE

TWO former Aussie lawyers have turned their passion for fashion into a $15 million dollar international business six ...

Related News

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she m...

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussion...

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from...

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offs...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter