Mayday

Mayday is an innovative startup based in the United Kingdom, founded in 2021, aiming to revolutionize accounting processes for startups and SMEs. The company's slogan, "Mending month end for finance teams of SMEs. First step: automating accounting adjustments for multi-entity businesses," encapsulates their mission. Mayday has already shown signs of promise, having been honored as the Xero Emerging App Partner of the Year 2023. Their flagship products, Mayday Balancer and Mayday Recharger, address the complex needs of multi-entity businesses, providing a safety net to maintain intercompany loan account balance and automation of intercompany charges, respectively. Additionally, their product, BRAG, enhances Xero's bank reconciliation process, simplifying matching transactions to bills and invoices across group entities. Notably, the Pre Seed Round investment at 13 October 2023 was secured with the support of Flying Fox Ventures, indicating investor confidence in Mayday's potential to disrupt the accounting tech space.