FreeAgent explained

FreeAgent Holdings Ltd.
Logo Alt:	FreeAgent's logo
Type:	Subsidiary
Key People:	Roan Lavery (CEO)
Location:	Edinburgh, Scotland, UK
Founder:	Ed Molyneux, Olly Headey, Roan Lavery
Num Employees:	200 (as of July 2019)
Industry:	Software as a Service (SaaS)
Owner:	NatWest Group

FreeAgent is a cloud-based accounting software company based in Edinburgh, Scotland.

History

FreeAgent was launched in September 2007. The company was founded by Ed Molyneux, Olly Headey and Roan Lavery.

In 2012 FreeAgent acquired the American startup 60mo, in order to expand into the US market.^[1] It topped Deloitte's list of fastest growing technology firms in 2013.^[2]

In 2015, FreeAgent raised over £1 million via crowdfunding with Seedrs.^{[3] [4]}

In November 2016, FreeAgent became a public company, floating on the London Stock Exchange.^[5]

In 2018, the Royal Bank of Scotland Group acquired FreeAgent for £53 million.^[6]

See also

• Business and economics portal
• Comparison of accounting software

Notes and References

1. Web site: FreeAgent Acquires Financial Software Startup 60mo; Lands Investment From Lightbank. 3 May 2012 . .
2. Web site: Online accounting firm FreeAgent tops Deloitte growth list. BBC News . 13 November 2013 .
3. Web site: FreeAgent. www.seedrs.com. en-US. 2019-03-27.
4. Web site: FreeAgent £1m crowdfunding to drive 're-invention' . www.scotsman.com . 9 January 2021 . en.
5. News: London Stock Exchange welcomes FreeAgent to AIM . en . London Stock Exchange Group . 9 January 2021 . 20 January 2021 . https://web.archive.org/web/20210120002221/https://www.lseg.com/markets-products-and-services/our-markets/london-stock-exchange/equities-markets/raising-equity-finance/market-open-ceremony/london-stock-exchange-welcomes-freeagent-aim . bot: unknown .
6. Web site: FreeAgent taken over by RBS in £53m deal . www.scotsman.com . 9 January 2021 . en.