Xeinadin, the UK and Ireland accountancy services and business advisory group, has acquired London-based Accountancy Cloud to strengthen its capacity to support high-growth, founder-led businesses. Founded in 2014, Accountancy Cloud specialises in supporting start-ups in managing their finances through a subscription-led model and technology-driven approach.

International Accounting Bulletin reported that Accountancy Cloud, headquartered in Moorgate, works with clients in major technology hubs including Manchester, Bristol, Birmingham, and London. The company's clients operate in sectors including software-as-a-service, fintech, healthtech, climate tech, and consumer technology.

The acquisition broadens Xeinadin's specialist services for start-ups as they scale. Under Xeinadin's ownership, Accountancy Cloud will continue supporting expanding businesses whilst drawing on Xeinadin's broader tax, audit, and advisory resources.

Wes Rashid, co-founder of Accountancy Cloud, said: "Our clients were scaling faster and needed broader support without losing the founder-first approach that defines us. Joining Xeinadin gives us that firepower."

These services cover areas including corporate finance networks, exit strategies, mergers and acquisitions readiness, and enterprise management incentive and option planning.

Derry Crowley, chief executive of Xeinadin, said: "It is a move that strengthens our ability to serve fast-growing businesses with practical insight, at every stage of their journey."

Co-founders Wes Rashid and Asima Hafesji will remain in leadership positions within the business, whilst the company's 25-person team is moving into Xeinadin's West End office.

Last month, Xeinadin acquired TBL Accountants, bolstering its advisory offering for small, owner-managed businesses and charities across Essex. The continued acquisition activity demonstrates Xeinadin's strategy to expand specialist capabilities whilst maintaining sector-specific expertise across its growing network.

Discover how Xeinadin's acquisition of Accountancy Cloud positions the firm to serve the UK's fast-growing technology start-up sector.