MyT is a cloud-powered subscription-based accounting software designed for small businesses that allows them to submit financial information to Her Majesty's Revenue and Customs (HMRC) under the Making Tax Digital initiative, which is mandatory from April 2023. MyT asserts that its app provides businesses with a simple way to keep track of business finances on the go, send and manage invoices and bills, and record expenses and mileage. The company claims that its app is available on App Store and Google Play and has witnessed 1000+ downloads to date. It claims that it has onboarded over 500 users without any extensive marketing spend. MyT will use half of the investment to implement its marketing plan, a third for developing new technology and the remaining for administrative expenses.
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MyT Rating Review
Pitch rating powered by CROWDRATING™
Rated on 12/07/2021
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£1,624,327
pre-money valuation
5.80%
equity available
240
investors
£556
pledge per investor
10745708
company number
Active
company status
28/04/2017
incorporated 7 years
Previous Funding rounds
25 Apr 24 | Seedrs | £133,543 / 134% | 72.67% |
Officers
Keith Malcolm Allister MILLER
Appointed: 04-12-2017
News
AI-backed data extraction offers simple accounting from MyT - Inside Croydon
08/11/2023 Inside Croydon
Easy Accounting with software from Croydon-based firm MyT - Inside Croydon
23/02/2021 Inside Croydon
MyT: Easy Accounting with software from Croydon-based firm - Inside Croydon
15/02/2021 Inside Croydon
MyT Mobile brings 5G to Mauritius - 5Gradar.com
02/08/2021 5Gradar.com
Mauritius Telecom rebrands as MyT - ITWeb Africa
15/11/2017 ITWeb Africa
Mauritius Telecom launches MyT Start-Up internet, overhauls Business Boost range - Telecompaper EN
18/01/2022 Telecompaper EN
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.