Receipt Bank Closes $50 Million Series B Financing

London – July 20, 2017 – Cooley advised Receipt Bank, an award-winning bookkeeping automation platform and one of Europe’s fastest-growing businesses, on its $50 million Series B funding led by Insight Venture Partners.

Receipt Bank has been revolutionising bookkeeping for small businesses since its launch in 2011. Working with leading accountants and bookkeepers around the world, it was the first software company to automate the collection and data extraction of receipts and invoices. Today, Receipt Bank automates a range of bookkeeping processes for more than 5,000 accounting and bookkeeping firms and more than 100,000 of their small business clients across the core markets of North America, EMEA and Australia.

Cooley also advised Receipt Bank on its Series A financing in February 2016.

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