Outmin - SME accounting made quicker, cheaper, and simpler
by Startacus Admin
Dublin-based fintech startup Outmin combines real experience and AI to support SMEs with all their bookkeeping, tax and accounting needs.
Managing accounts is no one’s idea of fun, but it is a vital part of any business. For SMEs, there is the option to spend a lot of money on outsourcing their accounting or hiring dedicated finance employees, or a lot of money and time on products and solutions that aren’t necessarily well optimised for SMEs. Money and time are two things that the average SME does not have in abundance. So the solution to this problem is obvious: someone needs to create a platform designed for SMEs to make accounting quicker, cheaper, and simpler.
Dublin-based fintech startup Outmin is that someone. Outmin is a SaaS platform that provides accounting, bookkeeping, and CFO services to SMEs, with a particular focus on those in the tech and hospitality industries, so that those businesses can dedicate themselves to their actual work and leave everything from payroll and expenses management to tax returns, VAT returns, and compliance filings up to Outmin. All of this is done on the cloud, using both Outmin’s human expertise, and AI. The startup says that, since their launch in 2020, they are already saving businesses up to €100,000 a year.
As with any good SaaS platform, Outmin provides you with a dashboard to see everything in real-time, from mobile or desktop. You can easily view your financial health, review your documents, and upload them for the platform to process them automatically, and if you have any worries, you’ll have a dedicated support team to reach out to.
In October, Outmin announced that they had raised €1.5 million in a funding round led by Middlegame Ventures, with participation from Fuel Ventures, KellySan Enterprises Ltd, and angel investors. This funding will go towards further developing the platform, and refining it to ensure that it does everything that an SME needs it to do to take away the headaches.
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Published on: 12th December 2022
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