The Last Month in Accounting, Accountech & Fintech - February 2024 edition

A quick market roundup of all the key news story from the last month or so…

ALSO: You can see an abbreviated version of this post in the Accounting insight Newsletter each month from Accountex - sign up here

Practice & Accounting

• Accountancy services firm Mazuma Accountants looking to scale-up on Cardiff Capital Region equity backing - more here
• The value of exports of accounting services from UK firms reached ￡1.7bn in 2022, up from ￡1.6bn on the previous year, and is vital to the development of accounting skills globally
• Sedulo Group has reported annual revenues of ￡14.9m - More Here
• Dains Accountants & Advisors acquires two new firms - More here
• Private equity targets UK accounting firms - More from FT here
• Accountants in the new years honors list.. including accountants from 普华永道 , AJ Bell , 安永 , ICAEW
• HM Revenue & Customs customer service team shrunk by 5% in 2023 - more here
• A repost but don't forget to catch up with the flinder white paper and discover what 20 of the most pioneering thought-leaders in accounting and finance had to say on AI, Beyond accounting: Services of the future. and talent - https://www.flinder.co/landing/the-future-of-accounting-and-finance-in-a-digital-world-2023

Software & Technology

• Fintech Scotland?reports?that the 226 fintechs in the country employ more than 10,000 people and that 28 international fintechs are considering expanding in Scotland.
• Engager.app targets practice management push with new features
• Intuit QuickBooks has a viral moment (but maybe for the wrong reason!)
• Receipt Bot bot making a play for UK accountancy market
• Lots of redundancies, closures and cut backs sweeping the accounting and fintech industries - Paysme , Block , Kikapay , Brex and more!

Finance & Banking

• The number of corporate insolvencies has surpassed pre-pandemic levels, with 2,002 in December 2023, up from 1,965 on the previous year - More here
• Revolut 's payroll product is shutting down in April 2024
• GOV.UK drops FUTURE OF PAYMENTS REVIEW report here?
• 德意志银行 is to cut 3500 jobs as part of an ongoing operational efficiency drive.

I'll be back next month for more news and updates!

#Accountants #Bookkeepers #accountech #fintech #technology #banking #finance #accounting #BeAKnowItAll