
United Kingdom · Information technology & services startup
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
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.
Funding, as reported
From Mayday's own website: 3 founders, 8 on the team.
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
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