Sensibill, a Toronto, Ontario, Canada-based provider of a digital receipt data service for banks, raised $17.3m in Series A funding.
The round was led by Information Venture Partners and OpenText Enterprise Apps Fund (OTEAF) with participation from Operative Capital, Mistral Venture Partners, and existing investor Impression Ventures. In conjunction with the funding, Tony van Marken, General Partner at OTEAF, and David Unsworth, Co-Founder and General Partner at Information Venture Partners, will be joining Sensibill’s board of directors.
The company intends to use the funds to continue developing its suite of solutions and expand its customer base in in the United States, U.K, and Australia.
Led by Corey Gross, CEO, Sensibill provides a white-label Software as a Service platform that allows personal and business banking customers to manage line-item receipts directly from their desktop and mobile banking applications. Customers can capture and store paper and electronic receipts, which can then be accessed and used for returns, exchanges, expenses, taxes and accounting.
Last year, the company launched its smart receipt management service with Scotiabank and TD Canada Trust’s mobile wallet app UGO Wallet.