Accounteer

Accounteer was established in 2015 by Merijn Campsteyn and Emmanuel Gbolade to provide cloud-based accounting solutions for small and medium-sized enterprises (SMEs). The company primarily targets the African market, with a significant presence in Nigeria. Its business model is subscription-based, offering various pricing tiers, including a free plan for small businesses with limited invoicing needs, and more comprehensive packages for growing enterprises that require unlimited invoices and multi-currency support. Accounteer also provides a partner program for accountants, helping them to collaborate with clients and find new business opportunities.

The platform is designed to simplify financial management for entrepreneurs. It allows users to create professional invoices, monitor expenses by capturing receipts digitally, and generate financial reports like balance sheets and profit and loss statements. A key feature is its ability to integrate with external services such as banks for automatic transaction feeds and reconciliation, e-invoicing platforms, and e-commerce stores. The software also offers inventory and asset management capabilities and can function offline, which is a significant advantage for businesses in regions with inconsistent internet access. To enhance accessibility, Accounteer developed a mobile application for Android, enabling business owners to manage their finances on the go.

In a strategic move to broaden its service offerings, particularly in providing credit, Accounteer was acquired by Float, a Ghanaian cash flow and spend management platform, in August 2022. The acquisition was part of Float's strategy to become a comprehensive "financial operating system" for African SMEs, combining Accounteer's bookkeeping and accounting tools with Float's credit and spend management services. Following the acquisition, founder Merijn Campsteyn transitioned into an advisory role to assist with the integration of the two platforms.

Keywords: cloud accounting, SME financial software, online invoicing, expense tracking, bookkeeping services, financial reporting, bank reconciliation, FinTech Africa, Nigerian startups, subscription accounting service, SaaS, asset management, inventory management, offline accounting, mobile accounting app, e-commerce integration, accountant collaboration, business financial management, payroll management, tax preparation