Reference
·Supporting source
FlowAccount and PEAK SME accounting users
FlowAccount ~130K SMEs
FlowAccount reports approximately 130,000 small businesses on its cloud accounting platform per its LinkedIn and AIS partnership disclosures, making it the largest local SME SaaS-accounting provider in Thailand. PEAK Account (peakaccount.com), backed by Buzzebees and the FlowAccount-adjacent Thai cloud-accounting ecosystem, is the second-largest local player with an estimated 50,000-80,000 active SMEs. International providers Xero (NZ) and QuickBooks (Intuit) have smaller Thai SME footprints due to weaker integration with Thai e-tax invoicing. FlowAccount was an early Sequoia Capital India and Beacon VC portfolio company (Kasikornbank-affiliated).
Figure in context
FlowAccount reports approximately 130,000 small businesses on its cloud accounting platform per its LinkedIn and AIS partnership disclosures, making it the largest local SME SaaS-accounting provider in Thailand. PEAK Account (peakaccount.com), backed by Buzzebees and the FlowAccount-adjacent Thai cloud-accounting ecosystem, is the second-largest local player with an estimated 50,000-80,000 active SMEs. International providers Xero (NZ) and QuickBooks (Intuit) have smaller Thai SME footprints due to weaker integration with Thai e-tax invoicing. FlowAccount was an early Sequoia Capital India and Beacon VC portfolio company (Kasikornbank-affiliated).
FlowAccount reports approximately 130,000 small businesses on its cloud accounting platform per its LinkedIn and AIS partnership disclosures, making it the largest local SME SaaS-accounting provider in Thailand. PEAK Account (peakaccount.com), backed by Buzzebees and the FlowAccount-adjacent Thai cloud-accounting ecosystem, is the second-largest local player with an estimated 50,000-80,000 active SMEs. International providers Xero (NZ) and QuickBooks (Intuit) have smaller Thai SME footprints due to weaker integration with Thai e-tax invoicing. FlowAccount was an early Sequoia Capital India and Beacon VC portfolio company (Kasikornbank-affiliated).
Time scope
2024
Source basis
Supporting source
Interpretation notes
What this tells you
FlowAccount reports approximately 130,000 small businesses on its cloud accounting platform per its LinkedIn and AIS partnership disclosures, making it the largest local SME SaaS-accounting provider in Thailand. PEAK Account (peakaccount.com), backed by Buzzebees and the FlowAccount-adjacent Thai cloud-accounting ecosystem, is the second-largest local player with an estimated 50,000-80,000 active SMEs. International providers Xero (NZ) and QuickBooks (Intuit) have smaller Thai SME footprints due to weaker integration with Thai e-tax invoicing. FlowAccount was an early Sequoia Capital India and Beacon VC portfolio company (Kasikornbank-affiliated).
What not to do with it
Use the linked report for interpretation and keep basis differences explicit.
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