Intuit buys UK fintech Sequence in deal estimated at US$200 million
The AI startup has raised around US$40 million and counts Andreessen Horowitz among its investors.
US software company Intuit has bought Sequence, a UK fintech that applies artificial intelligence to billing, payments and revenue management. The acquisition is estimated to be worth around US$200 million.
Established in 2021, Sequence operates from London and New York. Its software automates financial processes for businesses, with startups Legora and Cognition among its customers.
Co-founder Riya Grover said joining Intuit would allow Sequence to operate on a larger scale. Grover holds more than a 45 per cent stake in the startup, while fellow co-founder Eamon Jubbawy owns more than a 15 per cent stake.
Sequence has attracted around US$40 million in funding. Its investors include Andreessen Horowitz, Passion Capital, firstminute capital and 645 Ventures.
Grover previously worked at Deutsche Bank and co-founded food technology startup Feedr, where she was chief executive. Compass bought Feedr for US$24 million in 2020. Jubbawy co-founded identity software company Onfido, which was sold for US$650 million in 2024, and is also founder and chief executive of climate startup Isometric.
