Irish fintech company enters Australia
25 Sep 2017
Ireland-based company, AutoEntry has opened its first Australian office at a fintech hub in Melbourne’s east. Its app helps accountants and bookkeepers automate processes by capturing and analysing data from documents and linking it with cloud-accounting software such as MYOB, Quickbooks and Xero.
AutoEntry’s expansion supports the company’s rapid growth in Australia and offers greater contact with its local clients. The new office will focus on sales, business development and product management, and adds to existing branches in Dublin and London.
CEO and Founder of AutoEntry, Brendan Woods, said the company serves more than 2,000 accounting practices, with over 28,000 businesses set up on the platform worldwide.
‘A growing proportion of our customers are now based in Australia.’
AutoEntry’s new regional head of sales, Adrian Crome, said the maturity of the Australian market means there’s huge opportunity for growth as more businesses become aware of the considerable benefits from using purpose-built automated tools such as AutoEntry.
Frost and Sullivan estimates that Australia’s fintech sector will grow at a compound annual growth rate of over 76 per cent to reach A$4.2 billion by 2020.