Tech Track 100

Frustrated by the amount of time and money wasted as a result of forgotten expenses and lost receipts, co-founders Michael Wood, 43, and Alexis Prenn, 57, launched Receipt Bank in 2010 to provide small businesses with automated accounting software that saves time on bookkeeping. Since then, they have processed more than 150m receipts, bills and bank statements, opened six offices on four continents and raised $65m from investors Kennet Partners and Insight Venture Partners. Over the past year, the company has welcomed more than 100,000 new business users, boosting 2018 sales to £18.6m. In February, former Just Eat executive Adrian Blair, 44, took over as chief executive.

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Company details
CompanyReceipt Bank
ActivityBookkeeping automation services
LocationCentral London
Average 3 year sales growth89.78%
Latest sales £000s*18,619

If applicable:

* supplied by company † annualised figure