7 years ago

Xriba Raises $12.6 Million to Revolutionize Cryptocurrency and Traditional Business with Blockchain-Based Accounting Software

  • Xriba, a London-based startup, is developing a protocol that aims to bring transparency and accountability to cryptocurrency and traditional business by making corporate cash flows available on the public Blockchain

  • The company is running a crowdsale event and has already raised $12.6 million

  • Xriba's software applications, MastroBook, Cryptobooks, and XribaPay, leverage OCR and AI to automate financial transactions and record them on the blockchain

  • The company believes its technology will be a revolution in the ICO market, providing transparency into where funds raised are being used.

      • ProblemTechnology Infrastructure

      "Small and medium-sized businesses (SMEs) struggle with the time-consuming and error-prone process of managing financial transactions, especially when dealing with international payments and diverse currencies. This leads to inefficiencies, wasted resources, and difficulty accessing financial information for informed decision-making."

      Solution

      "Xriba offers a comprehensive solution by automating financial transaction management through OCR and AI technology, integrated with blockchain for transparency and security. Its software seamlessly handles invoice processing, categorization, archiving, and payment, saving businesses up to 70% in time and reducing errors. The platform also provides real-time business intelligence dashboards for enhanced financial management, making it easier for SMEs to track their performance, optimize operations, and attract investors."

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