# FlowAccount Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flowaccount-co

- Industry: Software
- Headquarters: Bangkok, Thailand
- Website: www.flowaccount.com
- Total disclosed funding: $4M
- Latest round: Series A (Aug 5, 2021)
- Investors on record: 3

## About

FlowAccount Co., Ltd. provides innovative online accounting solutions tailored for small and medium-sized enterprises (SMEs), streamlining financial management through user-friendly software for invoicing, expense tracking, payroll, and more.FlowAccount Co., Ltd. was founded in 2014 in Bangkok, Thailand, focusing on cloud-based accounting solutions for small businesses. The company was co-founded by Danai Chutinaton and Kridsada Chutinaton, who also serves as the CEO. FlowAccount has secured funding through two notable investment rounds, with the most recent being a Series A round in August 2021, raising USD 4 mn led by Sequoia Capital, alongside participation from Money Forward, Inc. and SBI Investment.FlowAccount offers a comprehensive range of online accounting solutions designed for SMEs. Their flagship product, FlowAccount, simplifies invoice management, expense tracking, and tax calculations. The MobilePOS system enhances in-store sales and inventory management with a mobile point-of-sale interface, while Payroll software automates salary processing and integrates with banking systems for efficient payroll distribution. Additionally, AutoKey allows users to scan bills and receipts, managing expenses effectively. FlowAccount's services are tailored to meet the financial management needs of entrepreneurs and businesses across Thailand and Southeast Asia, ensuring compliance with local tax regulations.In 2022, FlowAccount reported a revenue of USD 2,125,680.30, with an EBITDA of USD -1,233,810 for the same year, reflecting their ongoing investment in product development and service enhancement.Following the Series A funding round in August 2021, FlowAccount Co., Ltd. plans to utilize the USD 4 mn raised to enhance its cloud accounting software systems, catering to the evolving needs of small businesses in Thailand. The company aims to expand its product offerings and improve functionality to support a broader customer base. Future initiatives may include the launch of new accounting tools and features, as well as potential expansion into new markets within Southeast Asia.

## Funding rounds

- Series A, Aug 5, 2021, $4M — Hong Shan, SBI Investment, Money Forward, Inc.

## Investors

- Hong Shan — Series A
- SBI Investment (https://capitalatlas.ai/funds/sbi-investment) — Series A
- Money Forward, Inc. — Series A