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Overfunding
Capital at risk
overfunding
Coconut
days left
21
211%
Raised
£1,058,260
Investors
1204
Target
£500,000
Equity
11.07%
Pre-money valuation
£8,500,000

Coconut is the current account that takes care of your accounting and tax, designed specifically for self-employed people and small business owners. Now with 3,000 accounts open, they combine banking & accounting in one simple product to automate accounting & tax using rich, real-time payments data.

  • Launched for sole traders on 31st January this year
  • 3,000 accounts open with 5,000 limited companies pre-registered
  • Processed £12m in customer payments
  • Winners of multiple banking innovation awards

Idea

After selling their first fintech business, Sam and Adam joined the freelance community. They quickly found that working for themselves presented very common challenges like managing expenses, getting paid and the dreaded tax return.

Despite qualifying as accountants at PwC, they spent a lot of time and money on traditional cloud accounting packages and business bank accounts, but couldn’t find a way of getting real-time visibility and control over the finances and tax.

They’ve built Coconut to solve this problem. It’s a current account that takes care of your accounting and tax, designed specifically for self-employed people and small business owners.

Coconut automatically tells customers which transactions are tax deductible, provides guidance about the tax rules, forecasts their tax bill and fills out their tax return automatically.

They want to be the one place self-employed people and small business owners go to manage their business:

- Automating their accounting and tax

- Connecting them to accountants to chat through the app if they have a question

- Automating the review and file process for tax returns and accounts

With an estimated 5m owner-managed businesses in the UK and half a billion worldwide, the Coconut team is on a mission to free 20m people around the world from business admin by combining banking and accounting into one simple product.

THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE BY THE COMPANY RAISING FINANCE AS IDENTIFIED ABOVE (THE "COMPANY") IN GOOD FAITH AND FOR INFORMATION PURPOSES ONLY AND SUBJECT TO THESE TERMS AND CONDITIONS.  CROWDCUBE CAPITAL LTD IS AUTHORISED BY THE FCA AND CARRIES OUT DUE DILIGENCE ON EACH COMPANY THAT LISTS ON CROWDCUBE AS SET OUT HERE.
 
This investment opportunity is not an offer to the public and is only available to registered members of Crowdcube.com who have qualified and categorised themselves as able to invest.  The investment opportunity is not directed at persons located in the United States, Canada or Japan. Any person resident outside the United Kingdom who wishes to view these materials must first satisfy themselves that they are not subject to any local requirements that prohibit or restrict access.
In particular, unless otherwise determined by the Company and permitted by applicable law and regulation, it is not intended, subject to certain exceptions, that any offering of the securities mentioned in such materials (the "Securities") by the Company would be made, or any documentation be sent in or into, the United States, Canada or Japan.  There will be no public offering of the Securities in the United States.
 
In order to access the pitch you must first become a qualifying member of Crowdcube on the basis of your status as either (i) self-certified ‘high net worth investor’, (ii) certified ‘sophisticated investor’, (iii) self-certified as a ‘sophisticated investor’ or (iv) certified as a ‘restricted investor’, in each case in accordance with the FCA’s Conduct of Business Sourcebook Chapter 4.7.  Potential investors are encouraged to "cross examine" the Company by interactive due diligence and use of the available online forums to bring the "wisdom of the crowd" to bear.  Accessing the pitch also means you agree to Crowdcube’s most recent website terms and conditions and investor terms and conditions, which include Crowdcube's limitation of liability.
 
If you are not permitted to view materials on this webpage or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.  Crowdcube’s or the Issuer’s press announcements and this information page do not constitute an offer to sell securities of the Company.  Further, it does not constitute a recommendation by the Company, Crowdcube or any other party to sell or buy securities in the Company.
 
By registering or logging into Crowdcube.com to view the investment opportunity, you certify that you are legally entitled to view the investment opportunities, are an authorised investor and you agree to all applicable terms and conditions on this website, including this disclaimer.

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    Crowdcube is a leading investment crowdfunding platform

    Successfully Invested
    £562m+
    Registered Investors
    624k+

    To see the rest of the Coconut pitch, join now.
    It’s free, quick and easy.

    Coconut

    Join to read more information about the Coconut team, documents, and what other investors are saying about the pitch.

    If you choose to invest we won’t take your money until the pitch closes and you can cancel your investment at any time.

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    Crowdcube is a leading investment crowdfunding platform

    Successfully Invested
    £562m+
    Registered Investors
    624k+

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    • any benefits (in the form of pensions or otherwise) which are payable on the termination of my service or on my death or retirement and to which I am (or my dependants are), or may be, entitled.

    I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me to seek advice from an authorised person who specialises in advising on non-mainstream pooled investments.

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    Crowdcube Capital Ltd is authorised and regulated by the Financial Conduct Authority (No. 650205).

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