Accountancy Cloud Q&A: Wesley Rashid, CEO and Co-Founder

FinTech is changing the face of money, but it’s not all about apps, it’s also about some of the oldest financial instruments of the world. Meet Wesley Rashid who is disrupting accountancy.
accountancy

Please tell our readers what The Accountancy Cloud is

We help businesses turn chaos into financial clarity. We offer a robotic accounting service that uses our intuitive API, can connect to financial services clients are already using to offer daily bookkeeping, custom dashboards and unlimited reporting, removing the barriers to financial clarity.

We pair them up with an Accountancy Cloud expert so they get a trusted partner, at every stage of their growth to help them with future planning.

Do you regard yourself as a FinTech company?

The Accountancy Cloud is a tech company solving the problem of accounting, which needs to be solved with next-gen technology.

What problems are you solving for your industry?

Accounting was invented back in medieval venice when Excel and beans were used to count numbers and paperwork was used to record financial transactions. It hasn’t changed all that much today.

We are bringing accounting back into the 21st Century, and into the Cloud then adding gasoline into the Cloud with a box of matches, all so we can create a best in class-super f’charged service that is 7x faster than conventional tools.

What do you think of Tech Nation’s Upscale Program you were previously part of?

Excellent program, there’s nothing quite like it. The quality of the founders and peer to peer learning aspects of the program were really helpful.

Could you tell us about your funding history?

We were/are on the Barclays Techstars accelerator so although Techstars and Barclays are on our cap table, we’ve essentially bootstrapped ourselves to £1 ARR to date.

Are you current looking at raising more money?

Yes we are! Contact me 🙂

You have offices in London and New York, more expansion soon?

Our focus in the next year is on the UK market as we are strongly positioned with a huge commercial opportunity ahead.  Then we’ll see.

What’s next for The Accountancy Cloud?

Fundraising and then growth!

Monty (663 Posts)

Monty Munford has more than 15 years' experience in mobile, digital media, web and journalism. He is the founder of Mob76, a company that helps tech companies raise money and exit. He speaks regularly at global media events with a focus on Africa, writes a weekly column for The Telegraph, is a regular contributor to The Economist, Wired, Mashable and speaks regularly on the BBC World Service.


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About Monty

Monty Munford has more than 15 years' experience in mobile, digital media, web and journalism. He is the founder of Mob76, a company that helps tech companies raise money and exit. He speaks regularly at global media events with a focus on Africa, writes a weekly column for The Telegraph, is a regular contributor to The Economist, Wired, Mashable and speaks regularly on the BBC World Service.