Countingup in a £9.1M funding round led by Framework Venture Partners and joined by Gresham House Ventures and Sage.

Countingup, a London, UK-based accounting software business developer, announced securing series A funding round worth of £9.1M ($12.6M).

The money was raised from investors led by Framework Venture Partners and joined by Gresham House Ventures, Sage, and existing investors. The funding will be used to drive product innovation, growth and team expansion.

Countingup, founded in 2017 by CEO Tim Fouracre, developed an operation that offers a business current account with built-in accounting software. The two-in-one app simplifies bookkeeping and taxes for the self-employed as well as accountants across the UK.

The company says it serves over 34k customers with an app that automates the time-consuming aspects of bookkeeping and taxes and encourages good recordkeeping, making it easier to run a small business. In addition, customers can easily share accurate, real-time bookkeeping data with their accountants – eliminating the pains of re-authorisation requests, data lags, duplicates, and inaccuracies.

Prior to this round, Countingup raised about $8.7 million.