Startup
Translucent
Multi-entity accounting layer that sits on top of Xero, QuickBooks and Sage: group consolidation, intercompany reconciliation, prepayments and deferred revenue for companies running several ledgers, founded by the co-founder of Dext.
| Founded | 2022, London |
|---|---|
| Founders | Michael Wood (CEO; co-founded Dext, formerly Receipt Bank) |
| Stage | Seed |
| Total funding | GBP 7.7m |
| Last round | Seed, GBP 5m, August 2023, led by Chalfen Ventures and LocalGlobe; angels include Xero co-founder Craig Walker and former Xero UK MD Gary Turner |
| What it does | Connects multiple Xero, QuickBooks and Sage instances into one system of record, with apps for consolidation, intercompany matching, prepayments, deferred revenue and tracking category audits |
| Traction | More than 15,000 businesses have used the platform |
| Pricing | Not published |
| Markets | UK, with Xero and QuickBooks users internationally |
| Peers | Joiin, Fathom, Nominal, Light, AccountsIQ |
Funding
- Announced rounds
- US$7m plus £7.7m in three rounds
- Latest round
- Seed, US$7m, August 2025
Why it matters
Translucent was founded by the man who built Dext into one of the UK’s largest accounting software exits and has 15,000 businesses on its group consolidation layer. It solves the problem the SMB ledgers were never built for, multi-entity groups, without asking anyone to leave Xero or QuickBooks.
Part of Accountio’s accounting technology coverage.
