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* FreeAgent is aimed at small businesses and their accountants.
* FreeAgent is aimed at small businesses and their accountants.
* Desktop, iOS, Android
* Desktop, iOS, Android.
* Send and track professionally designed estimates and invoices.
* Send and track professionally designed estimates and invoices.
* Expenses – snap a photo with your phone and upload.
* Expenses – snap a photo with your phone and upload.
* Time Tracking – record time with the in-built stopwatch or smart timesheets
* Time Tracking – record time with the in-built stopwatch or smart timesheets.
* Self Assessment – fill and file a Self Assessment tax return directly to HMRC from the app
* Self Assessment – fill and file a Self Assessment tax return directly to HMRC from the app.
* VAT – review automatically generated VAT returns and file with a single click (HMRC compatible for MTD for VAT)
* VAT – review automatically generated VAT returns and file with a single click (HMRC compatible for MTD for VAT).
* Corporation Tax – forecast ahead of time to avoid surprises
* Corporation Tax – forecast ahead of time to avoid surprises.
* Dashboard – monitor cashflow at a glance and see when tax bills are due
* Dashboard – monitor cashflow at a glance and see when tax bills are due.
* Banking – connect FreeAgent to your bank accounts to automatically import transactions
* Banking – connect FreeAgent to your bank accounts to automatically import transactions.
* Projects – a bird’s eye view of the performance of your income
* Projects – a bird’s eye view of the performance of your income.




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The FreeAgent Partner Programme provides access to benefits including:
The FreeAgent Partner Programme provides access to benefits including:


* A practice dashboard
* a practice dashboard
* Automated onboarding journey for accountants and clients
* automated onboarding journey for accountants and clients
* Cross-client reporting
* cross-client reporting
* Bulk payroll submission
* bulk payroll submission
* Free licences for new clients who do business banking with NatWest or Royal Bank of Scotland
* free licences for new clients who do business banking with NatWest or Royal Bank of Scotland
* The chance to become an accredited partner, unlocking additional practice growth benefits.
* the chance to become an accredited partner, unlocking additional practice growth benefits
* Unlimited access to FreeAgent’s technical support teams and a dedicated account manager
* unlimited access to FreeAgent’s technical support teams and a dedicated account manager




Revision as of 08:56, 1 April 2019

FreeAgent Holdings plc
Type of site
Subsidiary
FoundedEdinburgh, UK (2007)
HeadquartersEdinburgh,
United Kingdom
Founder(s)Ed Molyneux, Olly Headey, Roan Lavery
Key peopleEd Molyneux (CEO)
IndustrySoftware as a Service (SaaS)
Employees190 (as of March 2019)
URLwww.freeagent.com
CommercialYes
Users80,000
LaunchedSeptember 2007
Current statusActive

FreeAgent is cloud-based accounting software targeted at small businesses and their accountants. The company was purchased by Royal Bank of Scotland for £53 million in 2018.[1]

The first beta was launched in April 2007, followed by the official launch in September and referral scheme in October.

FreeAgent was conceptualised because managing company finances was hard for most small businesses and freelancers. Starting back in 2006, the founders wanted to demystify accounting and redefine the relationship people have with their finances.

History

File:FreeAgent at Accountex 2013.jpg
FreeAgent stand at Accountex 2013

FreeAgent was launched in September 2007. The company was founded by Ed Molyneux, Olly Headey and Roan Lavery.

The founders were originally working as freelance designers and developers. They put their heads together to come up with a new way to deal with bookkeeping (e.g. invoices, spreadsheets, receipts).

After leaving the RAF and starting as a contractor, Ed started building the initial FreeAgent prototype.

FreeAgent began a partnership with IRIS in 2010.[2]

In 2012 FreeAgent acquired the American startup 60mo, in order to expand into the US market.[2] It topped Deloitte's list of fastest growing technology firms in 2013.[3]

In 2015, FreeAgent Mobile for iOS App.

In 2015, FreeAgent raised over £1 million via crowdfunding with Seedrs.[3]

In November 2016, FreeAgent became a public company trading in the London Stock Exchange.

In 2017, FreeAgent started working with Royal Bank of Scotland Group, to provide FreeAgent to their customers for free.

In 2017, RBS and NatWest Direct Bank Feeds introduced FreeAgent.

In 2018, Royal Bank of Scotland acquires FreeAgent.

Awards

2018

  • Best Accounting Software Provider, Contractor UK Reader Awards
  • Best new innovation in solving problems for small businesses using account aggregation, FDATA Open Banking Awards
  • CEO of the Year, Scottish Tech Startup Awards
  • Small Business Accounting Software of the Year - Accounting Excellence Awards
  • Best Cloud-Based Accounting Software 2018 - Wealth & Finance International Awards
  • Best Business Software Provider - Technology Product Awards
  • Best B2B Technology Product/Service - ScotlandIS Digital Technology Awards
  • Finalist/Shortlisted - Best Cloud Service, Technology Product Awards
  • Finalist/Shortlisted - Most Innovative Cloud Product or Service, Cloud Excellence Awards
  • Finalist/Shortlisted - Best Cloud Support Provider, Cloud Excellence Awards
  • Finalist/Shortlisted - Accountancy Software Provider of the Year, British Small Business Awards
  • Finalist/Shortlisted - Data Management & Expenses Software of the Year, Accounting Excellence Awards
  • Finalist/Shortlisted - Fintech Company of the Year, NEX Exchange Small Cap Awards
  • Finalist/Shortlisted - Financial Technology Solution of the Year, UK Cloud Awards
  • Finalist/Shortlisted - Cloud Product of the Year, National Technology Awards

2017

  • SME accounts/bookkeeping - Software Excellence Awards
  • Best Financial Service Product - ScotlandIS Digital Technology Awards
  • Small/Mid-Sized Company Deal of the Year - Insider Deals and Dealmakers Awards
  • Finalist/Shortlisted - Practice Software Product of the Year - British Accountancy Awards
  • Finalist/Shortlisted - SME of the Year - The Telegraph Festival of Business

2015

  • Outstanding Marketing Performance - ScotlandIS Digital Technology Awards

2014

  • Best Accounting Software - PC Magazine Business Choice Awards
  • Scottish Digital Company of the Year - ScotlandIS Digital Technology Awards
  • "One to Watch" - Sunday Times Tech Track
  • Practice Software Product of the Year - British Accountancy Awards
  • High Impact Host - Global Entrepreneurship Awards
  • FreeAgent placed 18th overall in the UK in Deloittes Fast 50 listing
  • Free Agent was placed in the FinTech50 list (the annual rundown of Europe's top financial tech firms)

2013

  • Best Use of Social Media - Herald Scottish Digital Business Awards
  • Small Business Accounts - Software Satisfaction Awards
  • Expenses Management - Software Satisfaction Awards
  • FreeAgent placed 8th overall in the UK in Deloittes Fast 50 Listing for 2013

2011

  • Software Vendor of the Year - Software Satisfaction Awards
  • Software Package of the Year - British Accountancy Awards

2010

  • Best SME Accounting Software - Software Satisfaction Awards

2009

  • Best Newcomer - Software Satisfaction Awards

Features

  • FreeAgent is aimed at small businesses and their accountants.
  • Desktop, iOS, Android.
  • Send and track professionally designed estimates and invoices.
  • Expenses – snap a photo with your phone and upload.
  • Time Tracking – record time with the in-built stopwatch or smart timesheets.
  • Self Assessment – fill and file a Self Assessment tax return directly to HMRC from the app.
  • VAT – review automatically generated VAT returns and file with a single click (HMRC compatible for MTD for VAT).
  • Corporation Tax – forecast ahead of time to avoid surprises.
  • Dashboard – monitor cashflow at a glance and see when tax bills are due.
  • Banking – connect FreeAgent to your bank accounts to automatically import transactions.
  • Projects – a bird’s eye view of the performance of your income.


As well as providing services to small businesses directly, FreeAgent also works with accountants who use the software with their clients.

The FreeAgent Partner Programme provides access to benefits including:

  • a practice dashboard
  • automated onboarding journey for accountants and clients
  • cross-client reporting
  • bulk payroll submission
  • free licences for new clients who do business banking with NatWest or Royal Bank of Scotland
  • the chance to become an accredited partner, unlocking additional practice growth benefits
  • unlimited access to FreeAgent’s technical support teams and a dedicated account manager


See also  

References

  1. ^ "FreeAgent taken over by RBS in £53m deal". The Scotsman. Retrieved 21 July 2018.
  2. ^ "IRIS invests in FreeAgent to become exclusive UK accountancy distributor". TechCrunch. Retrieved 2019-03-27.
  3. ^ "FreeAgent". www.seedrs.com. Retrieved 2019-03-27.
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