Dext

Based in London, Dext (formerly known as Receipt Bank) offers an accounting automation platform that enables users to extract and process financial information. Users can extract data from a number of sources, including accounting software, ecommerce platforms, and payment providers, such as Quickbooks, Sage, Ebay, Etsy, Paypal, and Shopfify, and automate requests and payments, as well as cost and document categorization. As of October 2023, Dext supported over 11,500 accounting software systems, banks, and institutions. 

The platform provides visibility tools and insights generated from users’ client data, tools for automating data entry, specialized ecommerce data tools for extracting client sales data from multiple ecommerce sites, and point-of-sale platforms. Additionally, the platform enables users to automatically itemize transactions into sales, fees, refunds, and reimbursements. 

In 2020, the company acquired Xavier, a data quality checking platform, for an undisclosed amount. The company leveraged the acquisition to offer financial data quality checking as part of its insight generation tool. 

Key customers and partnerships 

In July 2023, the company extended its partnership with Xero, an accounting software provider, to enable its clients to purchase Dext directly on the Xero App Store. 

As of October 2023, the company served over one million customers around the globe.