Accodex Partners has secured $180,000 in a seed funding round to build capacity for the start-up, both here and overseas.
Accodex describes itself as a unique combination of an accounting firm and a tech start-up, offering prospective clients traditional accounting services, alongside business advisory services and incorporating social media and IT infrastructure.
The Accodex model, which offers a new tech-enabled platform for freelance accountants, emphasises the presence of cloud-based technology, with each client provided their own Xero subscription.
The cash injection received from investors will provide capacity building for operations in Australia, as well as an expansion into the US market.
Chris Hooper, CEO of Accodex, spoke of his excitement at the prospect of entering the North American market.
“Having recently visited the US, I can see Australia really is a world-leader in using technology to completely revolutionise accounting as we currently know it and Accodex is keen to share this knowledge globally”, he said.
Mr Hooper will himself relocate to the US next year in order to support the transition.
“We see Accodex as not just bean counters, but data crunchers. We are looking at not just accounting technology, but any technology that can capture business data and turn it into management intelligence – it’s a win-win for our accountants and the businesses they service," Mr Hooper said.