It was 31st January that we launched our sole trader product and it’s been non-stop ever since then.
Jay Taylor, Designer
Jonathon Aiken, Camera Operator
Jett Gray, Motion Graphics
We have a super strong foundation to grow in 2019 with an amazing team, an awesome product and an incredible community.
Adam and I have worked together for over 10 years. After we sold our first fintech business in 2014 we became freelancers.And we quickly came up against all too common problems like sorting expenses, getting paid by clients and the dreaded tax return.We were spending a lot of time and money wrestling with traditional products like current accounts, cloud accounting packages. And even though we’re qualified accountants, we couldn’t find a way of getting real-time visibility over our finances.And at the same time, self-employment and entrepreneurship is one of the biggest shifts in how we work for a generation and there are 5m owner managed businesses in the UK and half a billion worldwide.
So we decided that it’s time for a product that does everything in one place.Something that’s suited to the fast-paced and mobile nature of how we work today.
Coconut is a current account that takes care of your accounting and tax. It's designed specifically for freelancers, self-employed people and small business owners.Our product already does everything a sole trader needs including telling you what’s tax deductible, offering contextual guidance about the tax rules, forecasting your tax bill and filling out your tax return as you go.
We want Coconut to be at the heart of your business, so freelancers, self-employed people and small business owners can get everything done, from payment through to tax return.
You won't need to go anywhere else.
Next we’re adding:
These features set us up to reach tens of thousands of customers over the next year. You can also see our public roadmap here.
Our mission is to free 20m people worldwide from business admin by combining banking and accounting into one simple product.We're growing fast, building a world-class team and raising money on Crowdcube. If you'd like to join us on our journey, then you can take a look at our pitch: Coconut Crowdcube
The SEISS has been extended until September, and there has been one significant change for the better. The grant has been extended to ~600,000 people who were previously excluded by including those who filed a 2019/20 Self-Assessment tax return by midnight 2nd March.
Self-taught jeweler, Esh, speaks to us about the complexities of building her own jewelery business. But also, how rewarding the process has been.
For Paul, Covid-19 has brought many collaborations that will help his business to boom once the pandemic is over. Find out how he's adapted in this interview.