High-quality, accurate and compliant accounting for fast-growth LendTech
Mast
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Sector: LendTech
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Stage: Seed
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About Mast
Mast is a cloud-native, fully configurable loan and mortgage origination platform that streamlines lending for brokers and lenders.
With modular components, real-time policy feedback, seamless integrations, and enterprise-grade security, Mast accelerates application processing, reduces manual work and improves decisioning, making lending faster, simpler, and smarter for all.
Challenge
After experiencing slow response times and costly technical errors from his previous accountant, Joy Abisaab, Founder of Mast, was looking for a skilled, trustworthy accounting partner to free up his valuable time.
Why Rise Accounting?
Joy was looking for a proactive accountant to lead him on the best way to manage the statutory accounts and compliance obligations for Mast.
“Fundamentally, I need my accountant to know more than me, be more detail oriented than me, so I can focus on running other critical areas of my business.
“Kian and the whole team really know their stuff technically speaking. I’m no longer having to check the accounting work being delivered which is a huge time save.
“Rise Accounting was super responsive from the beginning and that has continued throughout our time working together.”
“Fundamentally, I need my accountant to know more than me, be more detail oriented than me, so I can focus on running other critical areas of my business. The whole team really know their stuff technically speaking. I’m no longer having to check the accounting work being delivered which is a huge time save."
Joy Abisaab
Founder, Mast
Solution
Rise Accounting took over from Joy’s previous accountant by auditing the current setup and implementing improvements.
Clean-up and system overhaul
- Corrected categorisation and reconciliations left unresolved by the previous firm.
- Shifted from overly complex tools to more suitable systems like Xero and Apron.
- Consolidated the accounting and payroll processes into less tools, making better use of the features available.
Strategic partnership and proactivity
- Bookkeeping, accounts, balance sheet preparation, and HMRC compliance.
- Full payroll processing and support.
- Ongoing collaboration to adapt reporting views to match the Mast margins and business model.
- Proactive management of deadlines and submissions, ensuring minimal involvement from Joy and his team.
Results
Since moving to Rise Accounting, Joy has been able to fully delegate day-to-day finance operations, with confidence that everything is handled.
We’ve focused on:
- Freeing up Joy’s time to focus on strategic work like fundraising, hiring, and deal-closing.
- Providing peace of mind knowing financial tasks are done right, on time, and without surprises.
“The team have corrected a lot of what was done before as well as improved the way we’re categorising and managing our finances. The data is much more reliable now.
“I’m so much more hands-off than I used to be.”
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