Sensibill is a technology company.
Sensibill has raised $19.0M across 2 funding rounds.
Sensibill has raised $19.0M in total across 2 funding rounds.
Sensibill is a fintech technology company that builds AI-powered receipt management and data extraction solutions primarily for financial institutions such as banks and credit unions. Its core product leverages machine learning to capture, transcribe, and analyze receipt data at a detailed SKU-level, transforming unstructured receipt information into actionable insights. This enables banks to better understand consumer spending habits, personalize financial services, reduce statement inquiries, and increase customer engagement and loyalty. Sensibill’s solutions also empower everyday consumers to digitally manage receipts, simplifying expense tracking and financial management. The company has demonstrated strong growth momentum by partnering with major banks like Chase and Metro Bank and serving over 60 million users worldwide[1][2][3][5].
Sensibill was founded in 2013 by Corey Gross, who was inspired by a personal experience in 2003 when he lost a TV purchase receipt and recognized the need for a digital receipt management solution. Gross, along with his co-founders, developed Sensibill to address this widespread problem. Early traction came from securing partnerships with leading financial institutions, enabling the company to scale its machine learning technology for receipt data extraction. Over time, Sensibill evolved from a simple receipt capture tool into a sophisticated AI-driven platform that provides deep consumer spend insights to banks globally[1][3][7].
Sensibill rides the growing trend of AI-driven personalization and data-driven financial services. As consumers and banks increasingly demand digital-first, personalized experiences, Sensibill’s ability to unlock granular spend data from receipts positions it at the forefront of fintech innovation. The timing is critical as financial institutions seek to deepen customer engagement, reduce operational costs, and leverage data for competitive advantage in a maturing digital banking market. Sensibill’s technology also supports broader ecosystem shifts toward automation, digital receipts, and enhanced financial wellness tools, influencing how banks interact with and serve their customers[2][5][8].
Looking ahead, Sensibill is poised to expand its footprint by broadening its API offerings to serve a wider range of businesses beyond banking, including accounting and consumer packaged goods sectors. Trends such as increased demand for real-time data extraction, AI-driven customer insights, and digital financial management tools will shape its growth trajectory. Sensibill’s influence is likely to deepen as it helps financial institutions and other organizations unlock the full potential of everyday spend data to drive loyalty, revenue, and customer satisfaction. Continued innovation in AI and machine learning, coupled with strategic partnerships, will be key to sustaining its leadership in receipt data intelligence[2][5][6].
Sensibill has raised $19.0M in total across 2 funding rounds.
Sensibill's investors include Boon Fund, Dragoneer Investment Group, First Bight Ventures, Greylock, Impression Ventures, Meritech Capital Partners, Pareto Holdings, Ryan Reynolds.
Sensibill has raised $19.0M across 2 funding rounds. Most recently, it raised $17.0M Series A in March 2017.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2017 | $17.0M Series A | Boon Fund, Dragoneer Investment Group, First Bight Ventures, Greylock, Impression Ventures, Meritech Capital Partners, Pareto Holdings, Ryan Reynolds | |
| Mar 1, 2015 | $2.0M Seed | Boon Fund, Dragoneer Investment Group, Greylock, Impression Ventures, Meritech Capital Partners, Ryan Reynolds |