Acanthis

What Acanthis does

Acanthis is an Australian SaaS company founded in 2022 by Dean Sammut (Founder & CEO, a Chartered Accountant) and Troy Haddon (Co-Founder & CTO, an experienced SaaS architect) that targets small and medium-sized businesses with an AI-powered business intelligence application. The cloud-hosted platform (Microsoft Azure) integrates financial and non-financial data sources — specifically Xero for accounting, Shopify for e-commerce, and Google Analytics for web data — into industry-specific performance dashboards that benchmark key performance indicators against industry norms and track real-time business valuation. AI is applied to generate plain-language, actionable recommendations and to power an Action Plan workflow with task tracking and team or advisor collaboration.

The product is delivered through a product-led growth model with three subscription tiers: Lite ($29 AUD/month), Standard ($49 AUD/month), and Partner (custom pricing), each with a 14-day free trial. A certified partner network of accountants, marketing agencies, and other business advisers provides a secondary distribution channel and enables hands-on advisory support through the Partner tier. The company operates from Sydney, Australia, has 1-10 employees, and was capitalized at the pre-seed stage with approximately $132,774 AUD from Antler Australia in August 2022.

Acanthis is at an early stage with limited disclosed traction — one named SMB customer reference (Store to Door, retail/e-commerce) and no publicly disclosed revenue. The company positions itself as making enterprise-grade business analytics accessible to SMB owners who cannot afford dedicated analysts, combining data integration, AI insights, and human advisor collaboration into a single subscription product.

Name

Acanthis

Legal name

Acanthis

Website

https://acanthis.io

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Acanthis is an Australian AI-powered SaaS platform founded in 2022 that integrates financial and non-financial data sources (Xero, Shopify, Google Analytics) into industry-specific dashboards and actionable recommendations for small and medium-sized businesses.

Ownership category

akta.pro rank

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Subscription - Lite Plan: Entry-level subscription at $29 AUD/month providing core features including data integration, industry-specific dashboard, and technical support. Designed for businesses starting to track performance metrics.
2. SaaS Subscription - Standard Plan: Mid-tier subscription at $49 AUD/month including all Lite features plus AI Insights, Action Plan functionality, and Collaboration Tools. Targets businesses seeking proactive guidance and performance improvement.
3. SaaS Subscription - Partner Plan: Custom-priced enterprise tier enabling collaboration with external advisers through Acanthis certified partner network for businesses needing hands-on consulting assistance.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Acanthis is a cloud-based SaaS application that helps small and medium-sized businesses make better decisions by integrating their financial and non-financial data sources and applying AI-powered analysis to deliver real-time visibility, industry-specific KPI benchmarking, and actionable recommendations. The product offers tiered subscriptions (Lite, Standard, Partner) with collaboration and partner-advisor features, and is sold primarily through self-serve web sign-up and a certified partner channel.

Product overview

Acanthis is an intelligent business decision-making application that provides small businesses with real-time visibility, AI-powered insights, and actionable recommendations to improve performance and business value. The product consists of three subscription tiers: Lite Plan ($29/month), Standard Plan ($49/month), and Partner Plan (custom pricing). The platform integrates with financial and non-financial data sources including Xero, Shopify, and Google Analytics to deliver industry-specific analytics dashboards. Core features include Visibility (real-time analytics), AI Insights & Guidance (actionable recommendations), Action Plans (task tracking), and Collaboration tools. The company was founded in 2022 and is backed by Antler Australia.

Differentiator

Problem solved

Functional benefit

Products and services

• Acanthis SaaS Platform Cloud-based SaaS application that integrates SMB financial and non-financial data sources and applies AI-powered analysis to deliver real-time visibility, industry-specific KPI benchmarking, actionable recommendations, action plan tracking, and collaboration features. Sold via tiered monthly subscriptions to small and medium-sized business owners.
• Acanthis Certified Partner Program Network of approved expert partners (accountants, marketing agencies, and other business advisers) that Acanthis users can collaborate with through the Partner Plan for hands-on assistance in business areas requiring refinement.

Quantifiable outcome

• 5% increase in customer retention can yield 25% increase in profit (industry benchmark referenced in company blog)

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability3 records

Feature4 records

Partnerships

One partnership is on record.

• Acanthis Certified PartnerscoreChannel Partner/ Reseller/ DistributorNetwork of approved expert partners including accountants, marketing agencies, and other business advisers who collaborate with Acanthis users on areas of their business requiring refinement. Partners provide additional expertise and support to customers who need hands-on assistance.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Fathom: Fathom is a financial reporting, forecasting, and performance analytics SaaS for SMBs and accountants, deeply integrated with Xero and QuickBooks. It is the most direct functional peer to Acanthis, addressing the same target market of small businesses that need understandable, actionable financial and KPI insight.
• Spotlight Reporting: Spotlight Reporting provides dashboards, forecasting, and benchmarking reports for SMBs and accountants via Xero and QuickBooks integrations. It overlaps directly with Acanthis's visibility, benchmarking, and AI-driven insight features for the same small-business customer segment.
• Float: Float is a cash flow forecasting and financial planning SaaS built for SMBs and finance teams, integrating with Xero, QuickBooks, and other platforms. It competes with Acanthis on real-time business performance visibility and AI-assisted forecasting for SMB decision-making.
• LivePlan: LivePlan is a business planning, forecasting, and performance dashboard tool purpose-built for small businesses. Like Acanthis, it focuses on turning financial data into actionable plans and is sold as subscription SaaS to SMB founders.
• Pilot: Pilot combines outsourced bookkeeping with software-driven financial insights and dashboards for SMBs, integrating with Xero and QuickBooks. Its category blends bookkeeping, advisory, and analytics, mirroring Acanthis's combination of visibility, insights, and partner-supported action.
• Phocas Analytics: Phocas delivers BI and analytics dashboards tailored to mid-market and SMB finance, sales, and operations teams. Its plug-and-play analytics over financial and operational data sources is comparable to Acanthis's industry-specific dashboards and AI insights.
• Futurli: Futurli (formerly Fairsail) is a UK-based SMB-focused performance, forecasting, and insights tool that connects to Xero and other finance systems. It targets the same accountant-and-SMB workflow with AI-augmented decision support comparable to Acanthis.
• Jirav: Jirav is an all-in-one financial planning, reporting, and analytics platform for SMBs and accountants. It competes directly on AI-assisted forecasting, KPI tracking, and driver-based planning for the same target buyers as Acanthis.

Broad incumbents

• Xero: Xero is the dominant SMB accounting platform and a core integration partner for Acanthis, offering its own analytics and business snapshot features. As a broad incumbent, Xero can route insights to SMBs natively, making it both a partner and an indirect competitive threat.
• QuickBooks: QuickBooks (Intuit) is the largest SMB accounting and business insights platform globally, with built-in dashboards, cash flow forecasting, and AI-assisted insights. It is the most consequential broad incumbent whose embedded analytics overlap with Acanthis's value proposition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/acanthisio
• LinkedInlinkedin.com/company/acanthis-io

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Acanthis