UK-based fintech & SaaS company ARKK raises £7 million

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fintech and saas firm | iTMunch

A London-based fintech and Software-as-a-Service (SaaS) firm ARKK has secured funding of £7 million from its existing investors. ARKK helps in the automation of the finance function of an organization by replacing traditional and outdated tools with improved smart technology. 

The freshly secured funds will be used by the firm to accelerate its growth as well as to enhance its platform ‘for:sight’ and modules to meet the increasing demand from clients. As a part of this funding, Graham Ridgeway from Mobeus will be joining the Board of ARKK as a Non-Executive Director, who has B2B software experience.

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More on ARKK securing £7 million

ARKK CEO, Richard Metcalfe commented that the successful application of for:sight to Making Tax Digital has driven growth till now. A strong demand for more functionalities from ARKK’s client base is emerging which has led to innovation and this funding as well as support from Moeus, Metcalf adds. The funding will allow the SaaS firm in unlocking growth at a faster pace while overcoming the challenges faced by leaders in finance, he further adds.

The team from Mobeus that supported this deal includes Amaad Mahmood and Matt Mead. Amaad said that Mobeus is extremely excited to continue backing the high-quality team of ARKK. The company has shown incredible resilience throughout the pandemic and grown the business even further in all segments, which include a significant increase in revenue, he adds.

About ARKK: A UK-based fintech

ARKK was established in the United Kingdom mid-2008 when 2 IT architects from the corporate world got a brilliant idea of how they can use technology and automation to enhance the finance function. The London-based fintech helps organizations unify, gain and analyze insights from data more efficiently and accurately than ever before.

The team of 80 talented individuals help companies gain financial confidence in a data-driven world. The company aims at changing the face of financial reporting. Keeping the same in mind, ARKK has created for:sight. The for:sight platform by ARKK enables organizations to move away from error-prone manual methods of data entry and shift towards automating the entire process, from data cleansing, data verification to submission.

SEE ALSO: Hire now, pay later firm Playter Pay raises £1 million

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Riddhi Jain is a technology content writer. She is based in India and has been working as a content writer since 2018. Riddhi has been writing content in the tech domain since May 2020 and can’t get enough of it. Riddhi has pursued most of her education from her hometown, Indore. She has graduated as a Bachelor of Business Administration and discovered her love for writing blogs while pursuing an internship during college. Once she discovered her love for writing, she went on to improve this skill set (and hasn’t stopped since).
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