Receipt Bank: Raises $73m in Series C round
- Receipt Bank the world’s leading digital bookkeeping platform, has raised $73 million in equity and debt in a successful Series C funding round
- The round led by Insight Partners joined by Augmentum Fintech with participation from existing investors Kennet Partners
- The funds used to extend Receipt Bank’s award-winning product suite and also continue rapid expansion in Europe
- The company doubled customers in 2019, taking the total number of businesses using the platform to above 360,000
- Receipt Bank’s proprietary machine learning technology also fetches financial information from multiple sources
- The platform processes and also stores 45 new fields of small business financial data every second from receipts
