Tech Track 100

More than 150,000 small businesses around the world use this company’s software and accounting tools to save time and money on book-keeping. Last year it secured $50m from the US tech investor Insight Venture Partners, bringing the total amount it has raised to $65m. Growth in America, Europe and Australia, and its use of automation technologies incorporating artificial intelligence, helped Receipt Bank to almost double sales to £11.7m in 2017. The business is led by co-founders Michael Wood, 42, Alexis Prenn, 56, and chief financial officer Alex Gayer, 43.

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Company details
CompanyReceipt Bank
ActivityBook-keeping automation services
LocationCentral London
Average 3 year sales growth146.07%
Latest sales £000s*11,667

If applicable:

* supplied by company † annualised figure