10 years ago

Receipt Bank Secures $10 Million to Automate Bookkeeping for Small Businesses

  • London-based bookkeeping automation company Receipt Bank has raised $10 million in growth funding from Kennet Partners

  • The funding will be used to further improve their technology and help accounting firms enhance their bookkeeping processes.

      • ProblemTechnology

      "Small businesses struggle with manual bookkeeping, which is time-consuming, error-prone, and expensive. Accounting firms also face challenges in managing the bookkeeping for their clients, leading to inefficiencies and higher costs."

      Solution

      "Receipt Bank automates bookkeeping tasks by extracting data from receipts, bills, and invoices, allowing accounting firms to complete bookkeeping faster and cheaper. This helps small businesses save time and money while improving the accuracy and efficiency of their bookkeeping."

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