# Mayday: Information technology & services, London, United Kingdom

> Mayday: Mayday is a financial automation software company that assists finance teams at scaling startups and SMEs in streamlining their month-end processes...

Source: https://millionrounds.com/startup/mayday-3 (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Information technology & services startup](https://millionrounds.com/companies)

# 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 reported Last round: Pre-seed

Information technology & services London, United Kingdom

Company summary

- **Founded:** 2021 5 years old
- **Team:** 43 11 to 50 people
- **Funding reported:** 1.4M as listed, currency not stated
- **Last round:** Pre-seed Oct 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Mayday has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## 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 all **1.4M** in the source's currency

Rounds **1**

Last round **Pre-seed**

Last round date **Oct 2023**

Investors listed **1**

## Founders and team

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

**David Tuck** Co-Founder & CEO

**James Scott-Griffin** Co-Founder & CPTO

**Max Hedley** Founder Associate

- **Felix Matthews** CFO in Residence
- **Jack Thiel** Head of Community
- **Tom Warren** Head of Design
- **Will Kennard** Head of Growth
- **Andrea Sellers** Product Manager
- **Grace Benedek Rooney** Ecosystem Manager & Technical Support Specialist
- **Hein van Zyl** Acting Customer Success Lead
- **Lisa Besedina** Product Designer

## On a portfolio page

Investors who name them

- [Flying Fox Ventures](https://millionrounds.com/fund/flying-fox-ventures)

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 posting real-time dashboards group-wide visibility revenue recognition information technology & services financial services group data consistency finance intercompany loan monitoring intercompany accounts software as a service intercompany balance discrepancies group data control multi-entity bank reconciliation cross-entity bank rec saas

Built with from their website

Wistia Google Tag Manager Amazon CloudFront Linkedin Insight Tag YouTube Google Workspace CloudFlare Viewport Meta LinkedIn Ads Hubspot

+8 more

Amazon S3 Webflow Hosting Google Meet CloudFlare CDN Priority Hints Mobile Friendly Intercom Open Graph

- **Sector:** Information technology & services
- **Industry code:** NAICS 54151, 513210, SIC 7375, 7372
- **Region:** England
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/mayday-853b3089f9)

## Information technology & services in United Kingdom

Startups like it

- [**Wayve** London · founded 2017 *Raised*](https://millionrounds.com/company/wayve)
- [**CuspAI** Cambridge · founded 2024 *Raised*](https://millionrounds.com/company/cuspai)
- [**PhysicsX** London · founded 2019 *Raised*](https://millionrounds.com/company/physicsx)
- [**Synthesia** London · founded 2017 *Raised*](https://millionrounds.com/company/synthesia)
- [**Tessl** London · founded 2024 *Raised*](https://millionrounds.com/company/tessl)
- [**Fractile** London · founded 2022 *Raised*](https://millionrounds.com/company/fractile)
- [**Nothing** London · founded 2020 *Raised*](https://millionrounds.com/company/nothing)
- [**Behavox** London · founded 2014 *Raised*](https://millionrounds.com/company/behavox)

## Is this your company?

Add your raise, your deck and your story, and put Mayday in front of investors. Or tell us what we have wrong.

[List your startup](https://millionrounds.com/list-your-startup)[Send a correction](https://millionrounds.com/corrections)