Receipt Bank news and trends

Receipt Bank Buys Xavier To Boost Accounting Services
B2B Payments // June 15, 2020

Digital accounting platform Receipt Bank has acquired analytics firm Xavier to help boost services for accountants and bookkeepers, according to a press release. Xavier, which works to automate checking of complex financial data and can detect errors in business data, can also offer easily understandable...

Overcoming The Pre-Accounting Hurdle Of Data
B2B Payments // January 09, 2020

Following anxieties that robots would replace their jobs, small business (SMB) accountants are now on a path to potentially become more strategic partners with their SMB clients. Many industry players are touting the ability to use analytics and automation technology to handle mundane, time-consuming tasks,...

Bookkeeping Platform Receipt Bank Raises $73M
B2B Payments // January 05, 2020

Digital bookkeeping platform Receipt Bank notched approximately $73 million in equity and debt in a Series C funding round, according to an announcement by global investment bank Harris Williams. The funding round was led by Insight Partners, which was joined by Augmentum Fintech, with participation...

Capital On Tap Launches SMB Card With Receipt Bank
Partnerships / Acquisitions // July 09, 2019

U.K. small business lender and commercial card company Capital on Tap is collaborating with accounting software company Receipt Bank to launch the Receipt Bank Card, a commercial card solution for small businesses, according to a press release Monday (July 8). The company announced that their...