Enterprise banking account ANNA has acquired enterprise spend administration platform GetCape. Phrases weren’t disclosed.
The acquisition is ANNA’s first and marks the U.Okay.-based fintech’s entry into the Australian market.
ANNA made its Finovate debut at FinovateEurope 2020 in Berlin, Germany.
Enterprise banking account ANNA has acquired GetCape, a enterprise spend administration platform primarily based in Sydney, Australia. Phrases of the transaction weren’t disclosed. The acquisition, ANNA’s first, will additional the corporate’s purpose of making a brand new SaaS class that competes with Australia’s “Huge 4” banks for market share within the expense administration and company card enterprise.
“This acquisition is a monumental step in our journey and we’re so excited to be becoming a member of Australia’s dynamic startup panorama,” ANNA co-CEO Eduard Panteleev stated. “Coming into the Australian market with GetCape at our facet empowers us to carry our award-winning monetary companies to Australia’s vibrant enterprise group and assist them to thrive.”
Awarded “Most Revolutionary Expense Administration Software program Developer” on the Wealth & Finance 2023 International Fintech Awards, GetCape is an Australian enterprise spend administration platform that points company playing cards to assist companies higher handle their money movement. GetCape’s expertise offers firms full visibility and management over enterprise purchases, enabling them to identify and get rid of wasteful spending and grow to be extra environment friendly of their spend administration.
Ryan Edwards-Pritchard, who based GetCape in 2020 and can serve within the new function of CEO of ANNA Cash Australia, known as the acquisition a “large step ahead.” He famous, “integrating our software program IP with their trusted platform means we will create the final word B2B funds answer. It will all be delivered by way of a best-in-class ChatGPT-style AI assistant that gives enterprise house owners with the facility of a finance workforce within the palm of their hand, simply with out the pointless headcount.”
Headquartered within the U.Okay., ANNA made its Finovate debut at FinovateEurope 2020 in Berlin, Germany. On the convention, the corporate demoed its Automated Tax Calculation answer which kinds self-assessment and VAT returns, routinely categorizing and reconciling bills, and calculating VAT and tax in actual time. The app additionally completes and submits tax and VAT returns to HMRC (HM Income & Customs) with help from an authorized accountant.
Along with its newly-announced partnership with GetCape, ANNA additionally lately teamed up with embedded finance and cost options supplier Sonovate. In February, ANNA unveiled its new expense card which supplies perks similar to low-cost journey and improved cashback affords.
Picture by Nathan Cowley
