ANNA Money has secured a £10 million growth debt deal with Flashpoint as it looks to accelerate expansion ahead of major changes to the UK’s tax reporting regime for self-employed people and landlords.
The AI-powered FinTech, which positions itself as an all-in-one platform combining business accounts, invoicing, payroll, taxes and admin tools, said the funding will help it scale at a time when Making Tax Digital (MTD) is reshaping how small businesses manage their finances.
The deal is with Flashpoint, an international tech investment firm with approximately $600m in assets under management, focused on technology companies originating from Europe and the Middle East and North Africa.
The funding follows a strong year for the London-based business, reaching £30m in annual recurring revenue and more than 50,000 UK small businesses actively using the platform each month.
The company’s proposition is designed to remove much of the complexity that typically comes with running a small business, bringing banking and finance admin into one place and, for many users, reducing the need for traditional accounting services.
From April 2026, Making Tax Digital for Income Tax Self Assessment (ITSA) will require self-employed people and landlords with annual income over £50,000 to move away from a single annual Self Assessment return to quarterly digital updates and a final end-of-year declaration submitted via HMRC-approved software.
ANNA said it already offers an MTD-ready ITSA solution through Auto Accountant, which automatically prepares and submits digital updates and final declarations once a business account is connected.
The firm is betting that the shift will push more small businesses towards automated finance tools and it expects 2026 to be a “breakout year” as AI accounting becomes the default for many firms.
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Its next milestone is to reach £100m in revenue, with the funding intended to support scaling its AI-powered Auto Accountant across the UK.
“This funding gives us the firepower to scale at exactly the right moment,” said Eduard Panteleev, co-founder and co-CEO of ANNA Money.
“As MTD for self assessment comes into force for around 850k self-employed people and landlords next year, demand for smart, automated accounting is accelerating fast.
“ANNA’s AI-driven systems mean a single human accountant can work across up to 12,000 businesses – the technology does the rest.
“That level of efficiency allows us to grow rapidly while maintaining exceptional customer service. With this backing, we’re doubling down on our self-drive accountant and moving decisively towards our ambition of becoming the leading tax SaaS platform for small businesses.”
Denis Mosolov, managing partner at Flashpoint, added: “ANNA Money is building exactly the kind of category-defining platform we look to support – one that combines strong fundamentals, clear product-market fit and the ability to scale efficiently through technology.
“With MTD accelerating a structural shift in how UK small businesses manage their finances, ANNA is exceptionally well-positioned to lead the transition to AI-powered accounting.
“We’re excited to partner with Eduard, Boris and the team as they scale their platform, deepen automation and move toward their ambition of becoming the leading accounting, tax and admin solution for small businesses.”