This week's accounting tech news:
Fintech Exits: Lloyds Banking Group acquires Curve for £120m—less than half of what the fintech raised—marking a sobering reality for valuations. Meanwhile, US spend management platform Ramp hits a massive $32bn valuation.
AI Agents: Expensify releases a "hybrid contextual AI expense agent" that works across the platform .
Compliance & Audit: TaxCalc launches biometric ID checks for Companies House verification , and Caseware brings group audit functionality to the cloud .
New Tools: TaxNav launches a simple bridging tool for landlords, Solver integrates with Microsoft Fabric, and BrightPay Cloud introduces a new app for employees.
Finally, John Toon speaks with Peter Hucker from Xledger about the friction in the audit process . They discuss how giving auditors read-only access and using automation for month-end accruals can solve the annual audit pain for mid-market finance teams.
Timestamp
00:00 Welcome to Digi-Tools in Accrual World!
App News
02:47 Taxfiler founders return with TaxPad
08:16 TaxCalc launches biometric ID checks
11:02 Expensify releases hybrid AI expense agent
14:14 Caseware brings group audit functionality to the cloud
15:51 Lloyds Banking Group acquires fintech Curve for £120m
20:01 Solver announces new data integration with Microsoft Fabric
21:47 TaxNav launches simple MTD bridging tool for landlords
22:49 Ramp hits $32bn valuation in latest funding round
27:00 BrightPay Cloud introduces new manager and employee app
28:46 The Problem With Audit...
38:57 Rate and Subscribe!