Canada-based fintech developer Sensibill received $31.5m in series B capital yesterday from investors including financial services firm National Bank of Canada.
Venture fund Radical Ventures led the round, which also featured Information Venture Partners, First Ascent Ventures and a range of undisclosed backers.
Sensibill has developed a receipt management tool for mobile banking apps that exploits artificial intelligence to offer functionality such as notifying the user when warranties are about to expire.
The company has partnered more than 30 banks across Canada, the US and the UK. It is set to expand its network of clients to several hundreds of banks in the near future, co-founder and chief executive Corey Gross said.
Sensibill has now raised a total of $46.5m. OpenText Enterprise Apps Fund, the corporate venturing arm of enterprise software provider OpenText, co-led a $12.9m series A round in 2017 together with Information Venture Partners.
The series A round also included Mistral Venture Partners, Operative Capital and Impression Ventures, the latter of which had led a $2m seed round in 2016 that featured Six Squared Capital, Ontario Centres of Excellence and Ryerson Futures.
