Coconut is an online accounting and tax tool for self-employed people. Given that the self-employed population in the UK is around 5 million, the company aims to become the go-to financial management application in this sector. Recently, Coconut opened up its accounting and tax platform to anyone with a current account or credit card from a list of 20 different UK banking partners. This collaboration allows users to see crucial information such as expense management and tax categorisation, invoicing and tax, amongst other data within minutes, which is a significant improvement from the time-consuming procedure followed by traditional cloud accounting products. In the last 12 months, Coconut has grown to 25,000 registrations. The company will use the investment to grow its business across different verticals.
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Coconut Rating Review
Pitch rating powered by CROWDRATING™
Rated on 22/06/2020
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£11,992,663
pre-money valuation
5.51%
equity available
2,930
investors
£811
pledge per investor
09904418
company number
Active
company status
07/12/2015
incorporated 8 years
£0.02
share price
Previous Funding rounds
28 Mar 24 | Crowdcube | £1,857,450 / 371% | |
26 Mar 24 | Crowdcube | £2,006,334 / 287% | 54.67% |
11 Jun 20 | Crowdcube | £2,375,544 / 339% | 74.33% |
News
Need a Great Sugar Alternative? Try Coconut Sugar! - One Green Planet - One Green Planet
27/03/2024 One Green Planet
Woman killed in crash on Turnpike near Coconut Creek Parkway - NBC 6 South Florida
28/03/2024 NBC 6 South Florida
Coconut oil for Alzheimer's – separating fact from fiction - Alzheimer's Research UK
14/02/2024 Alzheimer's Research UK
Toasted Coconut Macaroons Are the Passover Treat Everyone Loves - Henry Herald
28/03/2024 Henry Herald
Coconut Collab bags £1.5m investment - FoodManufacture.co.uk
29/01/2024 FoodManufacture.co.uk
Coconut water: Benefits for skin health, according to nutritionists - British GQ
27/10/2023 British GQ
The Coconut Tree targets London market as it launches crowdfund - Restaurant
09/01/2024 Restaurant
Corner Kitchen: Lemon Coconut Bunny Tails - Lubbock - Fox 34
26/03/2024 Fox 34
Why Coconut Milk Isn't the Most Ethical Plant-Based Milk - The Good Men Project
25/03/2024 The Good Men Project
Best Coconut Water 2024: Top 6 Choices - Healthnews.com
19/03/2024 Healthnews.com
What the ratings mean
RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.