6 years ago

Receipt Bank Secures $73 Million in Series C Funding to Expand Globally

  • Receipt Bank, a London-based digital bookkeeping platform, has raised $73 million in Series C funding led by Insight Partners and Augmentum Fintech plc

  • The company intends to use the funds to expand in Europe, Australia, and North America and build on its product suite

  • Receipt Bank leverages proprietary machine learning technology to process financial information from multiple sources, digitizing and categorizing it for accountants and bookkeepers.

      • ProblemTechnology

      "Small businesses struggle with managing their finances, spending hours on tedious tasks like data entry and categorization."

      Solution

      "Receipt Bank automates bookkeeping by using machine learning to extract and categorize financial data from receipts, invoices, and bank statements, saving businesses time and money."

      Covered on