95.149.241.133 at 18:40, 19 August 2022

2022-08-19T18:40:28Z

← Older revision		Revision as of 19:40, 19 August 2022
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	[[Category:Thesis]]		[[Category:Thesis]]
	[[Category:Equities]]		[[Category:Equities]]

			__INDEX__

>Louis at 18:27, 22 July 2022

2022-07-22T18:27:04Z

← Older revision		Revision as of 19:27, 22 July 2022
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	Brian Fox, Non-Exec Director: Brian is the founder of Confirmation and acquired Sam and Adam’s first business, ProConfirm. Confirmation was acquired by Thomson Reuters in one of US tech’s big success stories of 2019.		Brian Fox, Non-Exec Director: Brian is the founder of Confirmation and acquired Sam and Adam’s first business, ProConfirm. Confirmation was acquired by Thomson Reuters in one of US tech’s big success stories of 2019.
			[[Category:Thesis]]
			[[Category:Equities]]

172.18.0.3: /* Idea */

2022-05-17T17:21:24Z

Idea

← Older revision		Revision as of 18:21, 17 May 2022
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	==Idea==		==Idea==

	<~~html~~>		<vimeo>556520764</vimeo>
	<~~iframe width="560" height="315" src="https:/~~/~~player.~~vimeo.com/video/556520764?h=4ee2a96018&title=0&byline=0&portrait=0"" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
	~~</html~~>

	In 24 months 3.5m sole traders will be required to complete 4 tax submissions a year instead of 1, because of HMRC’s Making Tax Digital (MTD). What’s more, they will be required to use a digital product like Coconut to do this.		In 24 months 3.5m sole traders will be required to complete 4 tax submissions a year instead of 1, because of HMRC’s Making Tax Digital (MTD). What’s more, they will be required to use a digital product like Coconut to do this.

>Susan: Created page with "==Summary== Starting a self-employed business is easier than ever, but the finance tools available haven’t improved for decades. Coconut automates bookkeeping & tax for sole traders, a market of 3.5m in the UK. With 8k paying customers and 174% revenue growth in 2020, Coconut is on a mission to transform sole trader finances. * 174% revenue growth between 2019 and 2020 * 8,000 paying customers, a 6x increase since December with new subscription model * 2,800 accounta..."

2022-04-26T21:56:36Z

Created page with "==Summary== Starting a self-employed business is easier than ever, but the finance tools available haven’t improved for decades. Coconut automates bookkeeping & tax for sole traders, a market of 3.5m in the UK. With 8k paying customers and 174% revenue growth in 2020, Coconut is on a mission to transform sole trader finances. * 174% revenue growth between 2019 and 2020 * 8,000 paying customers, a 6x increase since December with new subscription model * 2,800 accounta..."

New page

==Summary==

Starting a self-employed business is easier than ever, but the finance tools available haven’t improved for decades. Coconut automates bookkeeping & tax for sole traders, a market of 3.5m in the UK. With 8k paying customers and 174% revenue growth in 2020, Coconut is on a mission to transform sole trader finances.

* 174% revenue growth between 2019 and 2020
* 8,000 paying customers, a 6x increase since December with new subscription model
* 2,800 accountants registered on the Coconut Accountant Portal
* Fully authorised by the FCA for Open Banking aggregation as an AISP

==Idea==

<html>
<iframe width="560" height="315" src="https://player.vimeo.com/video/556520764?h=4ee2a96018&title=0&byline=0&portrait=0"" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
</html>

In 24 months 3.5m sole traders will be required to complete 4 tax submissions a year instead of 1, because of HMRC’s Making Tax Digital (MTD). What’s more, they will be required to use a digital product like Coconut to do this.

Founders Sam & Adam became self-employed after selling their first fintech business. Despite being PwC trained accountants, they found managing taxes a growing burden.

Coconut is on a mission to become the leading sole trader finance and MTD product in the UK. They are raising a Pre-Series A to cement their lead in this space.

The pandemic focussed the team on meaningful core metrics. Total revenue grew by 174% in 2020 (YE 2020 revenue: £679k, EBITDA: -£2,335k). Having launched a new pricing model at the end of 2020, they converted 75% of active customers to paying by March 2021, growth of 6x since December. With 2,800 accountants signed up, Coconut is a favourite with accountants too.

An early pioneer in Open Banking, Coconut connects with over 25 banks, giving automatic tax insights using banking data. With invoicing, receipt storage, tax and performance dashboard built-in, Coconut equips customers to easily manage their business and tax in one place.

With 100m+ self-employed businesses in Europe and North America alone, Coconut is targeting an exciting global opportunity.

==Team==

Sam O'Connor, CEO: qualified as a Chartered Accountant, he co-founded ProConfirm in 2012, a Fintech connecting banks with accounting firms. ProConfirm was acquired by Confirmation in 2014 where he led the Europe office for 2 years before starting Coconut.

Adam Goodall, Co-founder: qualified as a Chartered Accountant at PwC and co-founded ProConfirm with Sam, leading product development. He is using his 10 years of specialist expertise to help transform finance for sole traders.

Pete Finlay, COO: A seasoned COO & founder of Songkick, backed by Sequoia and acquired by Warner, and then Silicon Milkroundabout, the leading tech hiring fair in Europe.

Martin Moss, CTO: Slando CTO, exited to Naspers, and a number of VC backed startups, bringing 20 years of scaling and team-building expertise to lead our tech team.

Ness Kent, Head of Marketing: 10 years in branding & product marketing roles, most recently responsible for building and growing the Learn with Facebook product at Rehab agency.

Mai Yamaguchi, Head of Product: A seasoned fintech product strategist, previously working in Product and Strategy at Xero and Tide before joining Coconut in 2020.

Brian Fox, Non-Exec Director: Brian is the founder of Confirmation and acquired Sam and Adam’s first business, ProConfirm. Confirmation was acquired by Thomson Reuters in one of US tech’s big success stories of 2019.

Coconut - Revision history

95.149.241.133 at 18:40, 19 August 2022

>Louis at 18:27, 22 July 2022

172.18.0.3: /* Idea */