Receipt Bank raised $73m in a Series C funding round led by Insight Partners.
Insight Partners led the Series C financing to support international growth and product expansion.
Receipt Bank provides digital accounting software that automates the collection and processing of financial documents for accountants and small businesses.
Receipt Bank secured $73m in a Series C funding round led by Insight Partners to support its strategic growth and expansion initiatives. The capital will enable the digital accounting platform to further develop its advisory tools and extend its market reach. The raise follows a period of significant scaling for the firm, which serves hundreds of thousands of businesses globally through its automated document processing software. The latest injection of funds strengthens the company position as it integrates recent acquisitions and scales its international operations.
From the founder
"This is a leap forward in our growth plans for 2020 and beyond. With Xavier, Receipt Bank gives accountants the tools to offer better business advice based on better quality data at every step."
Adrian Blair
CEO at Receipt Bank
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About the company
Receipt Bank
Digital accounting platform that automates financial data management for accountants.