Xeinadin, which offers accountancy services and business advice to small and medium-sized enterprises and individuals in the UK and Ireland, has purchased London-based company Accountancy Cloud.

Founded in 2014, Accountancy Cloud supports start-ups in managing their finances.

The practice uses a subscription-led model and a technology-driven approach to deliver finance functions.

Headquartered in Moorgate, Accountancy Cloud works with clients in major technology hubs including Manchester, Bristol, Birmingham and London. The company’s clients operate in sectors such as software-as-a-service, fintech, healthtech, climate tech and consumer technology.

According to Xeinadin, the acquisition will improve its capacity to support “high-growth, founder-led businesses”. It also broadens the company’s specialist services for start-ups as they scale.

Accountancy Cloud co-founder Wes Rashid 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.”

Under Xeinadin’s ownership, Accountancy Cloud will continue supporting expanding businesses and will be able to draw on Xeinadin’s broader tax, audit and advisory resources.

These services cover areas such as corporate finance networks, exit strategies, mergers and acquisitions readiness and enterprise management incentive/option planning.

Commenting on the acquisition, Xeinadin CEO Derry Crowley said: “It is a move that strengthens our ability to serve fast-growing businesses with practical insight, at every stage of their journey.”

Accountancy Cloud co-founders Wes Rashid and Asima Hafesji will remain in leadership positions within the business, while the company’s 25-person team is in the process of moving into Xeinadin’s West End office.

Last month, Xeinadin acquired TBL Accountants, bolstering its advisory offering for small, owner-managed businesses and charities across Essex.