Coconut has appointed Elaine Clark, founder of Cheapaccounting.co.uk (pictured above, middle), to its advisory board.
She brings her experience in advising self-employed people and small businesses to the mobile banking platform.
Elaine created the Cheapaccounting.co.uk franchise to make small business accounting as efficient and cost effective as possible.
Sam O’Connor, co-founder and CEO at Coconut (right), said: “Coconut is bringing banking and accounting together to eliminate business admin for self-employed people and small business owners.
“But we want the accountants our customers work with to also benefit from real-time bookkeeping and rich data because this saves everyone time and money.”
Elaine added: “I’m really excited to be working with the Coconut team as they build out the accountancy offering of their product.
“We want accountants to be able to harness the full potential of technologies, like machine learning, to enable them to better service their clients, while also improving margins and allowing them to grow their practices.
“Coconut will soon allow them to do this in a single tailored product.”
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