Fundraising Fox

Coconut

Techstars '17

London, GB · Founded 2016 · 155 employees on LinkedIn · 6 known investors

Coconut is self-employed accounting software for sole traders and landlords in the UK that connects to personal bank accounts to separate business and personal transactions, providing tax management, invoicing, and expense tracking for Self Assessment and Making Tax Digital compliance.

Also known as !Coconut · Coconut Tax

FintechSaaS

Investors · 6

Apollo Informal InvestmentEdinburgh
QVenturesLondon · $127K – $6.3M
TechstarsBoulder · $220K
468 CapitalreportedBerlin
Felicis VenturesreportedSan Francisco · $500K – $15M
Y CombinatorreportedSan Francisco · $500K

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Aug 2026

Coconut (branded "!Coconut") is a UK self-employed accounting product delivered as a mobile app (iOS and Android) and a web application accessible from any browser. Users connect bank accounts and credit cards from more than 25 UK providers, after which transactions are imported automatically and categorised, allowing sole traders to separate business from personal spending on a personal or current account. Core features include real-time profit and loss reporting, in-year tax estimates, receipt capture with attachment to transactions, unlimited invoicing with send-and-track functionality, automatic import of PayPal income, expense guidance, and the ability to invite an accountant [0][1].

The product is positioned around UK tax compliance. It is described as HMRC-recognised for Making Tax Digital (MTD) for Income Tax and supports quarterly MTD updates, the MTD Annual Submission (Year-End Declaration), and direct Self Assessment submission to HMRC. Supported tax forms listed include SA100, SA102, SA103, SA104, SA105, SA106, SA107, SA108 and SA109. A bridging option lets users who keep records in spreadsheets upload a completed template and file MTD quarterly updates without adopting full bookkeeping software. Segment-specific pages cover sole traders, landlords, CIS subcontractors and accountants [0][1].

The company states it is FCA authorised and describes bank-level security, encryption of data in transit and at rest, secure authentication, and storage and processing of data in line with UK data protection law including GDPR. Support is provided by 24/7 AI assistance plus a UK-based human team, with stated response times of a couple of hours Monday to Friday and weekend cover during deadline season [0][1].

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Free trial lengthJan 202614 days
Price - +Self Assessment plan (annual)Jan 2026130 GBP/year
Price - Full plan (annual)Jan 2026160 GBP/year
Price - MTD Bridging plan (annual)Jan 202650 GBP/year
Price - MTD filing planJan 202613 GBP/month
Supported UK bank/credit card providersJan 202625 providers

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 4

by search overlap
Intuit®104 shared keywordsIntuit develops financial software products—including TurboTax, Credit Karma, QuickBooks, and Mailchimp—for consumers and small businesses to manage taxes, credit, accounting, and marketing. It serves approximately 100 million customers worldwide.
Xero79 shared keywordsXero provides cloud-based accounting software for small businesses and their advisors, serving around 5 million customers across 180+ countries including Australia, the UK, the US, and New Zealand. The page is an investor relations section covering financial results, annual reports, and shareholder information.
Freeagent79 shared keywordsFreeAgent provides accounting software products, referencing HMRC guidelines and working toward WCAG 2.2 Level AA accessibility compliance.
Fresh Books46 shared keywordsFreshBooks is a cloud-based accounting and invoicing platform designed for small service-based businesses. The software helps business owners manage invoicing, accounting, and financial connections with customers.

Companies competing with Coconut for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Coconut Creek Native’s AI Startup Raises $3 Million To Transform Online Learning - Coconut Creek Talkcoconutcreektalk.com · Jul 2026Capital-Intensive 'Coconut' Rounds Upend the Traditional Venture Funding Modelnewcomer.co · Feb 2026Coconut water company scores $10 million in funding | Food Business Newsfoodbusinessnews.net · Feb 2026Coconut Software on growth trajectory with $28 million CAD Series B funding | BetaKitbetakit.com · Oct 2021Coconut Software Closes $28M Series B Funding Round, Led by Klass Capitalcoconutsoftware.com · Oct 2021Coconut Software Raises $4.2 Million in Series A Fundingcoconutsoftware.com · Nov 2017

▸Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Coconut do?
UK accounting and tax app for sole traders and landlords, covering bookkeeping, invoicing, Self Assessment and MTD filing.
Who are Coconut's investors?
Coconut's investors include Apollo Informal Investment, QVentures, Techstars, 468 Capital, Felicis Ventures, Y Combinator.
Where is Coconut headquartered?
Coconut is headquartered in London, GB.