FreeAgent
{{Short description|British cloud-based accounting software company}}
{{Use dmy dates|date=April 2022}}
{{Infobox company
| name = FreeAgent Holdings Ltd.
| logo = FreeAgent Logo.svg
| logo_alt = FreeAgent's logo
| logo_caption = FreeAgent logo used from 2023
| type = Subsidiary
| key_people = Roan Lavery (CEO)
| location = Edinburgh, Scotland, UK
| founder = Ed Molyneux, Olly Headey, Roan Lavery
| foundation = {{Start date and age|2007}}
| homepage = {{URL|https://www.freeagent.com}}
| num_employees = 200 (as of July 2019)
| industry = Software as a Service (SaaS)
| owner = NatWest Group
}}
FreeAgent is a cloud-based accounting software company based in Edinburgh, Scotland.
History
FreeAgent was launched in September 2007. The company was founded by Ed Molyneux, Olly Headey and Roan Lavery.
In 2012 FreeAgent acquired the American startup 60mo, in order to expand into the US market.{{cite web |url=https://techcrunch.com/2012/05/03/freeagent-acquires-financial-software-startup-60mo-lands-investment-from-lightbank/ |date=3 May 2012 |website=TechCrunch |title=FreeAgent Acquires Financial Software Startup 60mo; Lands Investment From Lightbank}} {{verify source |date=September 2019 |reason=This ref was deleted Special:Diff/889731215 by a bug in VisualEditor and later restored by a bot from the original cite located at Special:Permalink/851323316 cite #2 - verify the cite is accurate and delete this template. User:GreenC bot/Job 18}} It topped Deloitte's list of fastest growing technology firms in 2013.{{cite web |url=https://www.bbc.co.uk/news/uk-scotland-scotland-business-24932698 |website=BBC News |date=13 November 2013 |title=Online accounting firm FreeAgent tops Deloitte growth list}} {{verify source |date=September 2019 |reason=This ref was deleted Special:Diff/889731215 by a bug in VisualEditor and later restored by a bot from the original cite located at Special:Permalink/851323316 cite #3 - verify the cite is accurate and delete this template. User:GreenC bot/Job 18}}
In 2015, FreeAgent raised over £1 million via crowdfunding with Seedrs.{{Cite web|url=https://www.seedrs.com/freeagent|title=FreeAgent|website=www.seedrs.com|language=en-US|access-date=2019-03-27}}{{cite web |title=FreeAgent £1m crowdfunding to drive 're-invention' |url=https://www.scotsman.com/business/freeagent-ps1m-crowdfunding-drive-re-invention-1504492 |website=www.scotsman.com |date=21 May 2015 |access-date=9 January 2021 |language=en}}
In November 2016, FreeAgent became a public company, floating on the London Stock Exchange.{{cite news |title=London Stock Exchange welcomes FreeAgent to AIM |language=en |work=London Stock Exchange Group |url=https://www.lseg.com/markets-products-and-services/our-markets/london-stock-exchange/equities-markets/raising-equity-finance/market-open-ceremony/london-stock-exchange-welcomes-freeagent-aim |access-date=9 January 2021 |archive-date=20 January 2021 |archive-url=https://web.archive.org/web/20210120002221/https://www.lseg.com/markets-products-and-services/our-markets/london-stock-exchange/equities-markets/raising-equity-finance/market-open-ceremony/london-stock-exchange-welcomes-freeagent-aim |url-status=bot: unknown }}
In 2018, the Royal Bank of Scotland Group acquired FreeAgent for £53 million.{{cite web |title=FreeAgent taken over by RBS in £53m deal |url=https://www.scotsman.com/business/freeagent-taken-over-rbs-aps53m-deal-311219 |website=www.scotsman.com |date=27 March 2018 |access-date=9 January 2021 |language=en}}
See also
References
{{reflist}}
External links
- {{official website|https://www.freeagent.com/}}
{{Accounting software}}
Category:British companies established in 2007
Category:Royal Bank of Scotland
Category:Software companies of Scotland