Translucent offers a platform that unifies financial data and workflows for multi-entity businesses by delivering a suite of apps that sit on top of existing accounting software such as Xero, QuickBooks and Sage. Its first app, Search, is available today; Group Reporting is in beta and Live Sheets will soon be available to testers. The product lets businesses continue to use their existing SMB accounting solutions while consolidating financial data into a single editable location. The company is used by businesses worldwide, including software companies, restaurant groups and property developers. Translucent plans to use new funding to develop additional apps including Intercompany Transactions, BI & Analytics and Financial Close. The company was founded by CEO Michael Wood and is based in London, UK. Translucent offers a multi-entity and multinational accounting platform that unifies financial data into a single location where it can be seen, used and edited. The system layers on top of existing accounting software (including Xero, QuickBooks and Sage), integrates with compliance solutions, harmonizes data and provides tools for collaboration. Core functions include group reporting, bookkeeping, audit and procurement. The company was founded in 2022 by CEO Michael Wood and the team of 16 is spread across Europe (UK, Norway, The Netherlands, Portugal and Slovenia). Translucent plans to use the new capital to accelerate growth and expand operations and business reach. The article does not disclose revenue or other operating metrics.

Total raised

$10M

Funding rounds

2

Latest round

Seed

Latest activity

Aug 2023