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Saturday 24 August 2019

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Starling adds accounting app to business banking

Written by Hannah McGrath
08/04/2019

Starling Bank is partnering with accounting software firm FreeAgent in the latest addition to its marketplace for third party apps.

The tie up means Starling’s 40,000 business customers will be able to access FreeAgent’s accounting platform and link their account data via Starling’s Application Programming Interface (API) marketplace.

By syncing financial data with its cloud-based accounting software, FreeAgent hopes to help small business owners cut the time they spend on daily administration, digitise their finances and assist with tax returns.

In addition to real time data sharing, Starling customers who register with FreeAgent can also sync up to a year’s worth of historic transactions.

Anne Boden, chief executive and founder of Starling, said: “We’re building a unique and modern business bank that removes much of the stress and financial complexity typically associated with running your own company.

“FreeAgent will play an essential role in this by helping our business customers spend less time on administrative tasks and more on what counts, growing their business.”

Ed Molyneux, chief executive and co-founder of FreeAgent, said: “It’s important for small businesses to have a secure, direct flow of data from their bank into their business accounts – not just to help them manage their finances better but to also make more informed decisions about their businesses.”



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