Toronto based receipt management platform Sensibill has raised $17.3m in Series A funding led by Information Venture Partners and OpenText Enterprise Apps Fund. Sensibill, whichraised a $2 million seed roundin 2015, allows users to manage their receipts through their mobile banking app.
“Banks are hungry for innovative customer-facing solutions that solve everyday pain points. The reason digital receipts are such a desirable offering is because it has mass customer appeal and enables personalization,” said Drew Sievers, founding partner of San Francisco-based Operative Capital and former founder and CEO of mFoundry. “Sensibill has delivered impressive results for some of the largest banks in the world, and is now well-positioned to be a global leader and an indispensable partner to financial institutions.” “We knew that people wanted an intuitive and secure solution for managing their receipts, but we’ve also learned a great deal about how they want to make better use of their purchase information,” said Corey Gross, co-founder and CEO of Sensibill.