ANNA Money Secures £10m to Scale AI ‘Auto Accountant’ as MTD Deadline Looms

ANNA Money Secures £10m to Scale AI ‘Auto Accountant’ as MTD Deadline Looms

ANNA Money, the AI-powered enterprise account and tax app, has secured £10million in progress debt from Flashpoint Ventures. The funding can be used to speed up the scaling of its “Auto Accountant” answer as UK small companies put together for major regulatory adjustments under Making Tax Digital (MTD).

The funding follows a strong 12 months for the fintech, which studies hitting £30million in annual recurring income (ARR) and now helps over 50,000 UK small companies each month.

AI doing the heavy lifting

ANNA’s pitch to traders and clients alike revolves round its proprietary AI, which claims to automate the overwhelming majority of tax administration. According to the company’s 2024 figures, 88 per cent of company tax filings had been dealt with end-to-end by its AI with no human intervention.

For VAT returns, 89 per cent had been filed with “minimum effort,” and 54 per cent had been totally automated.

The system is designed to perceive context—distinguishing, for instance, that tyres purchased by a mechanic are stock, while those purchased by a taxi driver are upkeep bills. It also flags allowable deductions often missed by SMEs, such as working-from-home prices and cell payments.

Preparing for MTD for ITSA

Eduard Panteleev, co-CEO of Anna.Money

The funding comes at a essential time for the UK’s self-employed sector. From April 2026, Making Tax Digital for Income Tax Self Assessment (ITSA) will mandate that self-employed people and landlords with an annual revenue over £50,000 transfer from annual returns to quarterly digital updates.

ANNA’s platform affords an MTD-ready answer designed to mechanically put together and submit these digital updates as soon as a enterprise account is linked.

Eduard Panteleev, co-founder and co-CEO of ANNA Money, commented: “This funding gives us the firepower to scale at exactly the right moment. As Making Tax Digital for self assessment comes into force for around 850k self-employed people and landlords next year, demand for smart, automated accounting is accelerating fast.”

Panteleev highlighted the effectivity features pushed by the technology: “ANNA’s AI-driven systems mean a single human accountant can work across up to 12,000 businesses—the technology does the rest. That level of efficiency allows us to grow rapidly while maintaining exceptional customer service.”

With the new capital, ANNA is doubling down on its “self-drive” accounting imaginative and prescient, aiming to turn into the main tax SaaS platform for small companies in the UK. The company has set its sights on a income milestone of £100 million as adoption of AI accounting instruments turns into the default for the sector.

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