FlowAccount is an online invoicing and accounting platform offering cloud-based bilingual accounting and payroll SaaS for freelancers, small-business owners, and accountants in Thailand. Its products include FlowAccount online accounting software and FlowPayroll online payroll software, delivered via the cloud and integrated with banks and eCommerce platforms. The company reports about 50,000 customers using its services. Founded in 2015 and headquartered in Bangkok, FlowAccount targets do-it-yourself accounting and payroll needs for small businesses and startups. In August 2021 it raised a Series A reported at $5.2M (the article text also references US$4M) to expand platform functionality and scale its small-business solutions. The fresh capital will be used to further develop product features and grow its customer base. FlowAccount is a cloud-based platform providing accounting tools for small and medium-sized businesses. The company currently operates with a team of about 20 employees. It recently launched a solution targeted at accounting firms and is planning payroll and other HR services for small businesses. FlowAccount intends to extend its product set from core cloud accounting into adjacent SME services. Management says the firm will remain focused on the Thai market in the near term, with a longer-term view toward wider Southeast Asia once it secures domestic market share. The company emphasizes helping local businesses adopt subscription SaaS accounting and move from offline to online processes.

Total raised

$5M

Funding rounds

2

Latest round

Series A

Latest activity

Aug 2021