Receipt Bank

b2b fintechaccounting/tax

FOUNDING YEAR: 2010
LOCATION: United Kingdom
Last Update: 01/05/2020

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About

Receipt Bank is a cloud-based platform that provides bookkeeping tool for small businesses, accountants & bookkeeping firms. The company helps businesses to streamline their accounting process by gathering, storing and processing receipts and invoices in a cost-effective manner. The platform converts bills, invoices & receipts into data that can be utilized by the businesses.

Focus

PRODUCTS & SERVICES

The bookkeeping platform offers solutions for SME's, traders, accountants & bookkeepers. It extracts the key data from bills, receipts, and invoices and then publishes it directly into the existing accounting software. It enables users to submit their items for data extraction through e-mail, mobile apps, computer upload, DropBox, postal service and Tripcatcher.

REVENUE MODEL

The company earns revenue based on monthly subscriptions. For traders(Single user) basic plan starts with $14.99 and it varies with the number of invoices processing. For SME's(Muti-user) initial plan charges $25 per month(50 items), $40 per month(100 items), $55 per month(150 items), $100 per month(300 items) and $220 per month(675 items).

MAIN CLIENTS

The company have 4000+ clients including accountants and bookkeepers.

COMMENT

It provides mobile app to scan and manage the receipts efficiently.

People

FOUNDERS

Alexis Prenn

Michael Wood

NUMBER OF EMPLOYEES

201-500

Momentum

FUNDED

YES

TOTAL FUNDING

$55 M

DATE OF LAST FUNDING

Jul 2017

SEED & PRIOR FUNDING

$5 M

SEED CLOSED ON

Mar 2016

FUNDING SERIES

SERIES B  · $50 M  · Jul 2017

LISTED

NO

COMMENT

Venture funding: $10 M(Feb 2016).

BASICS

FOUNDING YEAR:

2010

LOCATION:

United Kingdom

Views:

57 VISITORS | 114 VIEWS
LATEST FUNDING ROUND

$55 M

TOTAL EMPLOYEES
201-500

About

Receipt Bank is a cloud-based platform that provides bookkeeping tool for small businesses, accountants & bookkeeping firms. The company helps businesses to streamline their accounting process by gathering, storing and processing receipts and invoices in a cost-effective manner. The platform converts bills, invoices & receipts into data that can be utilized by the businesses.

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