# Amaka IO

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/amaka-io-pty

- Industry: Software
- Headquarters: Sydney, Australia
- Website: www.amaka.com
- Total disclosed funding: $5.8M
- Latest round: Series A (Oct 3, 2021)
- Investors on record: 4

## About

Based in New South Wales, Australia, and founded in 2015, Amaka IO Pty Ltd. offers customised accounting integrations that link and automate the apps. Pedram Afshar (CEO), Pouyan Afshar, and Martin Chee are the co-founders of the company. In October 2021, Amaka IO Pty Ltd. raised USD 5 million in venture funding, co-led by Jelix Ventures and Upswell Ventures. As of 2023, the company has over 40,000 customers and served more than 25 nations worldwide. Square, Revel, Impos, and Foodbomb are among the company's clients, and it has offices in the US, Poland, and the Philippines.

The company offers a variety of integrations for accounting software, including syncing sales and payment transactions into accounting software. The firm’s software features include business trackers, default mapping, custom mapping, and cost of goods (COGS) sync. It helps synchronize sales, payment, and transactional data and manages invoices and bills directly from the calendar with Xero, Quickbooks, and MYOB accounting software. In addition, Amaka provides Fitbiz mobile applications available on the Apple Play Store and Google Play to keep track of industry benchmark business scores and operations in real time. 

The company generates revenue through its subscription plans, which include the integrations plan, which costs USD 12.99 per month (paid yearly), and the fitbiz plan, which costs USD 9.99 per month.

## Funding rounds

- Series A, Oct 3, 2021, $5M — OIF Ventures, Jelix Ventures, Upswell Ventures, Flying Fox Ventures
- Seed, Nov 6, 2020, $0.8M — Flying Fox Ventures

## Investors

- Flying Fox Ventures (https://capitalatlas.ai/funds/flying-fox-ventures) — Seed, Series A
- OIF Ventures (https://capitalatlas.ai/funds/oif-ventures) — Series A
- Jelix Ventures (https://capitalatlas.ai/funds/jelix-ventures) — Series A
- Upswell Ventures (https://capitalatlas.ai/funds/upswell-ventures) — Series A