Bookkeeping platform Receipt Bank has raised £55mn in equity and debt.
In Brief:
-
This was the company’s Series C round.
-
It included Insight Partners, Augmentum Fintech, Kennet Partners and Canadian Imperial Bank of Commerce.
-
The platform is used by more than 350,000 businesses.
What does this mean?
The new funding will help the business expand its suite of products as well as expand geographically.