[ Receipt Bank raises $50M in Series B ]

Receipt Bank has raised $50 million in Series B funding.

Founded in 2010, Receipt Bank  targets accountants, bookkeepers, and small businesses with an online platform that allows them to submit their invoices, receipts, and bills simply by snapping a photo and uploading it through the mobile app (Android, iOS), the desktop app, or an email submission.

The company plans to accelerate growth and further develop its products.

Funding  Series B
Founded  2010
Country  UK
City  London
Founder / CEO  Alexis Prenn
Deal Size  $50M
Investors  Insight Venture Partners
Previous Investors  Kennet Partners