United Kingdom · Information technology & services startup

Mayday

Mayday is a financial automation software company that assists finance teams at scaling startups and SMEs in streamlining their month-end processes using Xero or QuickBooks Online.

Funding reportedLast round: Pre-seed

Information technology & servicesLondon, United Kingdom

About Mayday

Mayday is a financial automation software company that assists finance teams at scaling startups and SMEs in streamlining their month-end processes using Xero or QuickBooks Online.

The software automates tasks such as intercompany reconciliations, journal postings, and related workflows, significantly reducing manual work and errors. With over 12,000 organizations served and more than 250,000 postings processed, Mayday has received over 300 five-star reviews. The company's mission is to "mend month end" by replacing slow, error-prone manual processes with one-click automation. Mayday's tools, including Balancer, Recharger, and BRAG, follow a three-step workflow to identify issues, review recommendations, and post corrections seamlessly. These solutions help address challenges like intercompany operations and consolidations, leading to a reported 98% reduction in manual work and faster month-end closes. Mayday is powered by Mayday AIR, an AI engine that enhances decision-making in accounting processes.

What company datasets say Mayday raised

Funding, as reported

Reported in all1.4Min the source's currency
Rounds1
Last roundPre-seed
Last round dateOct 2023
Investors listed1

Founders and team

From Mayday's own website: 3 founders, 8 on the team.

David TuckCo-Founder & CEO
James Scott-GriffinCo-Founder & CPTO
Max HedleyFounder Associate
  • Felix MatthewsCFO in Residence
  • Jack ThielHead of Community
  • Tom WarrenHead of Design
  • Will KennardHead of Growth
  • Andrea SellersProduct Manager
  • Grace Benedek RooneyEcosystem Manager & Technical Support Specialist
  • Hein van ZylActing Customer Success Lead
  • Lisa BesedinaProduct Designer

On a portfolio page

Investors who name them

Each firm lists Mayday on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

The company, in detail

What they build

Known for

automated journal postingreal-time dashboardsgroup-wide visibilityrevenue recognitioninformation technology & servicesfinancial servicesgroup data consistencyfinanceintercompany loan monitoringintercompany accountssoftware as a serviceintercompany balance discrepanciesgroup data controlmulti-entity bank reconciliationcross-entity bank recsaas

Built with from their website

WistiaGoogle Tag ManagerAmazon CloudFrontLinkedin Insight TagYouTubeGoogle WorkspaceCloudFlareViewport MetaLinkedIn AdsHubspot

+8 more

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Sector
Information technology & services
Industry code
NAICS 54151, 513210, SIC 7375, 7372
Region
England
Full record
Every detail in the company directory

Information technology & services in United Kingdom

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