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The Accounter
United Arab Emirates
Jun 2020 (5 Years)
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know The Accounter
Company Information
Get to know The Accounter
The Pain: Every company needs accounting. We are targeting the majority of any market which are micro and small companies which do not have access to affordable quality accounting. They require updated accounting books and filing for VAT returns, but are unable to afford full-time accountants and cannot rely on freelancers. Accounting solutions available in the market today (like Quickbooks, Freshbooks etc) require an accountant or someone with some accounting background to operate those apps, investing extra time, efforts and resources into them. This is difficult for most companies, especially SMEs and Startups in this area. The Solution: Users of The Accounter app will only upload pictures of their bills/ invoices and the AI system will take care of it via OCR and machine learning enabled system. We have a 3-level of cloud registered accountants with us, Data entry accountant (to be replaced by OCR), Maker Accountant, Checker Accountant, & Reviewer Accountant. In the future, we aim to minimize the need for cloud accountants as the system achieves the required level of machine learning. We aim to be the number one Mobile App as an accounting solution for startups, micro, and small companies.
Industry
- Financial BankingPRIMARY
- Financial Other Service
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