Dext (ex Receipt Bank) Strengths, Domain Expertise, and Key Differentiators
Dext empowers accountants, bookkeepers, and small businesses to streamline financial workflows by eliminating manual data entry and embracing paperless operations. Leveraging advanced AI-driven OCR technology combined with human verification, Dext delivers rapid, accurate data extraction from financial documents—enabling instant, reliable insights. This powerful automation not only improves efficiency but also frees teams to focus on strategic, revenue-driving tasks, positioning Dext as a trusted analytics-focused partner in digital financial transformation.
Dext (ex Receipt Bank) Recent Developments
In March 2025, Dext announced record growth and a strategic partnership with Square, enabling seamless integration of sales data for enhanced financial and marketing insights. This move, alongside AI-powered innovations like Vault and the upcoming Payments tool, strengthens Dext’s analytics-driven platform. With over 30 million transactions processed in January and rising adoption of Approval Workflows, Dext continues to empower businesses with smarter automation, improved cash flow control, and real-time data to drive growth across finance and marketing operations.
In February 2024, Iron Lake Balls elevated its eCommerce financial strategy by adopting Dext, transforming manual bookkeeping into a streamlined, analytics-driven process. Managing high transaction volumes from sales and digital marketing channels, the team leveraged Dext’s automation to optimize invoice management, enhance cash flow visibility, and generate actionable insights for smarter marketing spend. The integration with Xero created a seamless financial data ecosystem, enabling real-time tracking of campaign ROI, efficient budget planning, and improved forecasting. This shift empowered the business to reduce operational friction, allocate resources more strategically, and focus on scaling customer acquisition and retention in a competitive online marketplace.
In September 2023, Ogrifox redefined its B2B commerce strategy by implementing Dext's data-driven accounting automation to streamline financial workflows and enhance operational efficiency. Facing friction with e-commerce expenses, multi-currency reconciliation, and manual bookkeeping, the company turned to Dext for a scalable solution integrated with Xero. The platform enabled automated extraction and processing of financial data, delivering real-time insights critical for performance tracking and strategic forecasting. With simplified workflows and reduced manual input, Ogrifox empowered its team to shift focus from administrative tasks to growth initiatives, demonstrating how intelligent automation can be a catalyst for financial agility and competitive advantage in data-intensive B2B environments.
Dext (ex Receipt Bank) Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Dext (ex Receipt Bank) applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Dext (ex Receipt Bank) and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Dext Prepare,Dext Commerce, Dext Precision customers.
Dext (ex Receipt Bank) Overview
Unit 1.2 Techspace Shoreditch, 25 Luke Stree
London, x, EC2A 4RQ, United Kingdom
44 20 3699-5005
https://www.receipt-bank.com/
Ownership: - x
Number of Employees: 500
Functional Markets: Content Management, ERP Financial,
Key Verticals: Automotive, Banking and Financial Services, Communication, Construction and Real Estate, CPG, Distribution, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil Gas Chemicals, Professional Services, Retail, Transportation, Utility,
Dext (ex Receipt Bank) Key Enterprise and Cloud Applications
Dext Prepare,Dext Commerce, Dext Precision
Dext (ex Receipt Bank) Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Dext (ex Receipt Bank) Revenue Breakdown By Type, $M:
Dext (ex Receipt Bank) Enterprise Applications Revenues By Functional Markets, $M:
Dext (ex Receipt Bank) Enterprise Applications Revenues By Verticals, $M:
Dext (ex Receipt Bank) Revenues By Region, $M
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 Enterprise Applications Revenues, $M | 2024 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Dext (ex Receipt Bank) Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Dext (ex Receipt Bank) Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Dext (ex Receipt Bank) Customers
No. of Dext (ex Receipt Bank) Customers: 700000
No. of Dext (ex Receipt Bank) Enterprise Applications Customers: 700000
No. of Dext (ex Receipt Bank) Cloud Customers: 700000
No. of Dext (ex Receipt Bank) Cloud Subscribers: 1000000
Dext is proud to serve over 700,000 customers worldwide, empowering businesses, accountants, and bookkeepers with cutting-edge automation tools. Our platform simplifies financial management by turning complex data into actionable insights, helping businesses save time, enhance accuracy, and make smarter financial decisions. With a global presence and a commitment to innovation, Dext continues to lead the way in revolutionizing bookkeeping and accounting.
Dext (ex Receipt Bank) Market Opportunities, M&A and Geo Expansions
In February 2025, Dext unlocked a major growth opportunity by expanding into the UAE, Cyprus, and Malta through a strategic partnership with Scope Solutions, capitalizing on rising demand for smart financial automation across fast-evolving markets. This move positions Dext at the forefront of digital transformation in regions experiencing rapid business growth, regulatory change, and a surge in entrepreneurial activity. By aligning with Scope Solutions—an established Zoho Finance Partner—Dext enhances its regional reach and strengthens its integration with Zoho Books, delivering powerful, analytics-ready bookkeeping automation to accountants, bookkeepers, and business owners. This partnership not only accelerates compliance and efficiency but also empowers data-driven decision-making, offering a competitive edge in financial management as these economies scale.
Dext’s global integration with Zoho Books streamlines bookkeeping by automating data capture, expense categorization, and bank statement retrieval, reducing manual tasks and improving accuracy. Trusted by over 700,000 businesses globally, this integration enhances productivity, ensures compliance with local tax regulations, and provides real-time analytics, enabling businesses to focus on growth and strategic priorities.
Dext (ex Receipt Bank) Risks and Challenges
Dext is a leading provider of AI-powered bookkeeping automation tools that help accountants, bookkeepers, and small businesses digitize financial data, reduce manual work, and gain real-time financial insights through seamless integrations with platforms like Xero and Zoho Books. However, the company faces several risks in the coming years, including increasing competition in the financial automation space, evolving regulatory and tax compliance requirements across global markets, potential cybersecurity threats tied to its cloud-based infrastructure, and challenges maintaining smooth integrations as it expands its platform ecosystem. Additionally, economic uncertainty could impact the adoption rate among small businesses, potentially slowing growth in price-sensitive regions.
Dext (ex Receipt Bank) Ecosystem, Partners, Resellers and SI
Dext has created a powerful ecosystem that seamlessly integrates with key financial tools, enhancing its value for businesses. Through its partnership with Futrli, a leading cash-flow forecasting application, Dext transforms financial data into actionable insights, enabling businesses to make informed, data-driven decisions. The platform further extends its ecosystem with integrations to top accounting software providers like Xero, QuickBooks, and Sage, streamlining workflows and ensuring efficient financial management. This interconnected approach empowers businesses to optimize their financial processes, improve accuracy, and make smarter decisions.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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