ANNA, the financial admin app and business account for small businesses, has announced a new investment of £8.5m from futures tech company Kinetik.

Launched in Autumn 2018, ANNA already has more than 3,500 customers. The app combines a current account, debit card and digital assistant that helps with financial admin like sending and chasing invoices.

ANNA intends to grow its customer experience centre and continue to support the creative industries. New product features and innovative tools launching in 2019 will help customers prepare for HMRC’s initiative Making Tax Digital, analyse expenses, predict cashflow, as well as giving users a clear overview of their finances.

Kinetik is known for backing smart EV startup Arrival and world’s first autonomous racing series Roborace. It’s director Anthony Julius said: “We collaborate with the businesses that share our values and want to bring life-changing products into the world. ANNA is very different from typical fintech startups and it’s been created by brave and progressive entrepreneurs. So we’re excited to partner ANNA and contribute to its future expansion.”

Eduard Panteleev, co-founder and CEO of ANNA, said: “Kinetik’s investment is invaluable in helping us create more useful tools and services that are vital to making the lives easier for our customers – the imaginative and visionary, dedicated and hardworking people behind all small and medium sized businesses.