| Founded | 2016 |
|---|---|
| Closed | 2023 |
| Country | UK |
| Sector | Fintech |
| Collapse type | Silent Shutdown |
Coconut
"London freelancer banking app raised 4 million pounds to solve the self-employed tax problem and shut down in November 2023 when further funding became unavailable."
Quiet closure with no public announcement
Key Events Timeline
Coconut built a business banking and tax management app for UK freelancers and self-employed individuals, combining current account functionality with automated tax categorization, VAT tracking, and self-assessment preparation.
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