Accountancy Cloud joins Xeinadin to strengthen support for UK startup and scale-up businesses
Xeinadin, a leading provider of accountancy services and business advice for small and medium-sized enterprises and individuals across the UK and Ireland, has announced the acquisition of Accountancy Cloud, a London-based practice known for helping high-growth startups manage their finances and scale with confidence. The move strengthens Xeinadin’s ability to support high-growth, founder-led businesses and expand its specialist capabilities for startups as they scale.
Founded in 2014 by co-founders Wes Rashid and Asima Hafesji, Accountancy Cloud was born out of an opportunity to better understand how startups operate, the financial pressures they face, and therefore the services they require. The business grew with a community-led, founder-first ethos, offering subscription-based pricing and a modern, tech-first approach to finance.
Today, the team supports fast-growing venture-backed businesses from pre-seed to Series B across the UK. With a focus on outsourced finance, R&D tax credits, investor-ready forecasting and CFO support, the practice has helped some of the UK’s most recognisable tech ventures raise over £500m and navigate every stage of their growth.
Wes Rashid, co-founder at Accountancy Cloud, said: “Our clients were scaling faster and needed broader support without losing the founder-first approach that defines us. Joining Xeinadin gives us that firepower. The most important factor for us was the cultural fit: a partner that values entrepreneurship, long-term relationships and practical advice. This move lets us keep what makes Accountancy Cloud special while helping our clients access more of what they need as they grow.”
Derry Crowley, CEO at Xeinadin, said: “Accountancy Cloud brings a deep understanding of the startup space and the pressure behind every decision founders face. By joining forces, we can help more founders find the clarity in their convictions, expert advice and specialist support they need to scale up their business. It’s a move that strengthens our ability to serve fast-growing businesses with practical insight, at every stage of their journey.”
While headquartered in Moorgate, with additional teams in Cardiff and India, Accountancy Cloud supports clients across the UK’s leading tech hubs, including Manchester, Bristol, Birmingham and London, as well as an increasingly international base. Its portfolio spans SaaS, Fintech, HealthTech, Climate Tech and consumer technology, businesses that need accountants who understand modern finance, cashflow pressure, and the pace of change.
As a Xeinadin company, the team will continue to serve a wide range of growing clients while gaining access to specialist tax, audit and advisory services. This includes support with corporate finance networks, exit planning, M&A readiness and EMI/option planning, areas that will benefit from Xeinadin’s resources and experience and help founders navigate uncertainty.
The 25-person team is in the process of relocating to Xeinadin’s West End office. Both co-founders, Wes Rashid and Asima Hafesji, remain in leadership roles. Employees now benefit from wider development opportunities, including access to specialist training, technical expertise, and broader client collaboration, supporting both retention and career growth.