Coconut was founded by Sam O'Connor and Adam Goodall to simplify financial management for the self-employed. Initially, the company offered a business current account alongside its software, but it has since pivoted to focus solely on its accounting and tax software-as-a-service (SaaS) platform. The software helps users with invoicing, expense tracking, calculating tax estimates, and preparing for UK tax obligations like Self Assessment and Making Tax Digital for Income Tax Self Assessment (MTD for ITSA). Coconut's mission is to make self-employment easier than being employed by automating financial administration.

Founded in

United Kingdom