SaaS

$6.5M for bluesheets to transform your accounting process

January 24, 2024
Image from bluesheets

Bookkeeping made easy? Singaporean startup bluesheets uses AI and machine learning to automate accounting processes for businesses. Now, they raised $6.5M in a Series A round

Investor check. Illuminate Financial led the round, while Insignia Ventures Partners, Antler Elevate, and 1982 Ventures also joined in.

📘 The ABCs of bluesheets

bluesheets helps SMEs, accounting firms, and corporate clients streamline their accounting processes. 

How? They connect and automate your financial data across over 100 platforms!

  •  Data from WhatsApp, Gmail, and more can be connected to platforms like Quickbooks, Xero, Roubler, and other applications. 

Bye-bye manual data entry. They can extract text—and complex text constructs—in both online and offline documents. 

  • Yup, you can just snap a photo of a printed document and the data will show up on your screen. 
  • Their tech can detect over 75 languages and currencies! 

Hello, smart matching. Need to match data from different sources and files? They can match your data automatically. 

  • They can also create smart tags for your tax and account coding needs. 

🫐 What the future holds? 

They’ll enhance their AI capabilities and focus on growth in APAC and the US!

  • Oh, and they’ll also grow their teams to expand their client base within target industries like manufacturing, supply chain, insurance, and more.

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