Dext (ex Receipt Bank) Strengths, Domain Expertise, and Key Differentiators
Dext help accountants, bookkeepers and small businesses drop the data entry, go paperless and spend more time doing what they love. Dext make it simple to capture, process and share financial information instantly. A unique combination of AI-powered OCR technology and human verification turns documents into digital data faster than any other solution, with a level of accuracy you can trust.
Dext (ex Receipt Bank) Recent Developments
In December 2022 Dext Commerce has expanded its integration capabilities to include Amazon Business in Canada, the United States, the United Kingdom, and France.
In August 2021, Dext has added a digital sales product to its growing platform, following the acquisition of Greenback which rebrands to ‘Dext Commerce’. Dext Commerce allows accountants and bookkeepers to take on more digital sales clients by simplifying the collection and categorisation of sales data from 16 e-commerce, POS and payment platforms including Amazon, PayPal, Shopify and Stripe. It also integrates with Xero and Quickbooks Online, enabling accountants and bookkeepers to accurately submit eCommerce revenue into the largest accounting platforms.
Dext (ex Receipt Bank) Mergers and Acquisitions (M&A) Activities
In July 2020, Receipt Bank completed the acquisition of Xavier, a specialist in data quality, thereby enhancing the suite of advisory tools available to accountants and bookkeepers. Xavier introduces automation to the intricate process of scrutinizing financial data, providing a comprehensible health score. By identifying errors and anomalies in complex business data within accounting software, Xavier diminishes the frequency and associated costs of rectification for accountants and bookkeepers. With the incorporation of Xavier, Receipt Bank empowers accountants with robust tools to offer more informed business advice based on reliable data. The strategic plan for 2020 involves the international expansion of this integrated offering, with Xavier making its entry into the Australian market, following the introduction of the business insights tool 'Resilience
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, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Dext (ex Receipt Bank) Key Enterprise and Cloud Applications
Dext Prepare,Dext Commerce, Dext Precision
Dext (ex Receipt Bank) Revenues, $M:
| Type/Year | 2022 | 2023 | 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 | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 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
| Region | 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: 360000
No. of Dext (ex Receipt Bank) Enterprise Applications Customers: 360000
No. of Dext (ex Receipt Bank) Cloud Customers: 360000
No. of Dext (ex Receipt Bank) Cloud Subscribers: 1000000
The platform is currently utilized by a total of 360,000 businesses worldwide. Moreover, the software has garnered adoption from over 50,000 accountants and bookkeepers across the globe.
Dext (ex Receipt Bank) Market Opportunities, M&A and Geo Expansions
Since February 2023, Dext Commerce has established integrations with prominent platforms, including OnBuy, Not On The High Street, Faire, BigCommerce, Klarna, and PrestaShop.
Receipt Bank rebrands to Dext as it passed 1m users.
In January 2020, Receipt Bank raised a total of US $73million in equity and debt in a successful Series C funding round. The round was led by Insight Partners, joined by Augmentum Fintech with participation from existing investors Kennet Partners and Canadian Imperial Bank of Commerce (CIBC). Receipt Bank and its shareholders were advised by Harris Williams. The funds will be used to extend Receipt Bank's product suite, and continue rapid expansion in Europe, Australia and North America.
Dext (ex Receipt Bank) Risks and Challenges
Dext faces potential risk associated with competition within the market landscape.
Dext (ex Receipt Bank) Ecosystem, Partners, Resellers and SI
In July 2020, Receipt Bank forged a strategic partnership with Futrli, a cash-flow forecasting application. The synergy between Receipt Bank and the Futrli platform enables the transformation of generated data into actionable insights, offering valuable perspectives on the business's performance and future prospects to guide informed decision-making.
Receipt Bank further extends its collaborative network through partnerships with leading providers of accounting software, including Xero, QuickBooks, and Sage.
Dext (ex Receipt Bank) Cloud Infrastructure Insights
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- Dext (ex Receipt Bank) Public Cloud and Infrastructure (IaaS)
- Dext (ex Receipt Bank) Platform (PaaS)
- Dext (ex Receipt Bank) Application Delivery
- Dext (ex Receipt Bank) Private Cloud and Data Centers
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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