About Dext
Dext is a company based in Altrincham (United Kingdom) founded in 2010 was acquired by HgCapital Trust in April 2021.. Dext has raised $144.1 million across 6 funding rounds from investors including Canadian Imperial Bank of Commerce, HgT and Kennet Partners. Dext has completed 1 acquisition, including Xavier. Dext offers products and services including Receipt and Invoice Capture, Expense Management, Accounting Software Integration, and Document Storage. Dext operates in a competitive market with competitors including Kivra, Neat, Hubdoc, Docsumo and ReceiptHero, among others.
- Headquarter Altrincham, United Kingdom
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Receipt Bank Ltd
- Date of Incorporation 13 Dec, 2022
- Jurisdiction CAMBRIDGE, CAMBRIDGESHIRE, ENGLAND
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$144.1 M (USD)
in 6 rounds
-
Latest Funding Round
-
Investors
Canadian Imperial Bank of Commerce
& 56 more
-
Employee Count
Employee Count
- Investments & Acquisitions
-
Acquired by
HgCapital Trust
(Apr 12, 2021)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Dext
Dext offers a comprehensive portfolio of products and services, including Receipt and Invoice Capture, Expense Management, Accounting Software Integration, and Document Storage. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mobile app for scanning and digitizing receipts and invoices automatically
Streamlines expense reports and approvals for efficient tracking
Connects with software like Xero for seamless data transfer
Securely organizes business documents using AI for easy access
Unlock access to complete
Unlock access to complete
Software Development Team
43 people
Sales and Marketing
15 people
Data Analysis and Operations Team
9 people
Human Resources and Administration
8 people
Product Management Team
6 people
Board Team
4 people
Head Team
4 people
Team Team
3 people
Unlock access to complete
Funding Insights of Dext
Dext has successfully raised a total of $144.1M across 6 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Last Round
-
First Round
First Round
(04 Apr 2014)
- Investors Count 56
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Debt – Conventional - Dext | Valuation |
investors |
|
| Jan, 2020 | Amount | Series C - Dext | Valuation | Insight Partners | |
| Jul, 2017 | Amount | Series B - Dext | Valuation | Insight Partners |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Dext
Dext has secured backing from 57 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Canadian Imperial Bank of Commerce, HgT and Kennet Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital fund investing in fintech startups
|
Founded Year | Domain | Location | |
|
Investment firm scaling software and technology companies from early to late stages.
|
Founded Year | Domain | Location | |
|
Tech and offline focused VC firm investing primarily in the US and Europe
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Dext
Dext has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Xavier. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Audit automation software
|
2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Dext
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Dext Comparisons
Competitors of Dext
Dext operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kivra, Neat, Hubdoc, Docsumo and ReceiptHero, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Invoice digitization tools are provided for business data management.
|
|
| domain | founded_year | HQ Location |
Cloud-based digital filing systems are provided for small businesses.
|
|
| domain | founded_year | HQ Location |
Financial documents are automated and managed for accountants and businesses.
|
|
| domain | founded_year | HQ Location |
Data from unstructured documents is extracted via cloud-based automation.
|
|
| domain | founded_year | HQ Location |
Receipt digitization and online payment solutions are provided for businesses.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Dext
Frequently Asked Questions about Dext
When was Dext founded?
Dext was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Where is Dext located?
Dext is headquartered in Altrincham, United Kingdom. It is registered at Altrincham, Greater Manchester, United Kingdom.
Who is the current CEO of Dext?
Sabby G Gill is the current CEO of Dext.
Is Dext a funded company?
Dext is a funded company, having raised a total of $144.1M across 6 funding rounds to date. The company's 1st funding round was a Series B of $50M, raised on Apr 04, 2014.
What does Dext do?
Provider of bookkeeping automation software for businesses and accountants. This software automates the capture, processing, and management of expense and invoice records. It integrates with major accounting software packages and offers features such as mobile receipt capture, expense report management, and secure document storage. The platform aims to streamline financial processes, reducing manual data entry and freeing up time for other business tasks. It provides various tools to efficiently manage expenses and invoices, improving accuracy and organization.
What products or services does Dext offer?
Dext offers Receipt and Invoice Capture, Expense Management, Accounting Software Integration, and Document Storage.
How many acquisitions has Dext made?
Dext has made 1 acquisition, including Xavier.
Who are Dext's investors?
Dext has 57 investors. Key investors include Canadian Imperial Bank of Commerce, HgT, Kennet Partners, Augmentum Fintech, and Rushmore.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.