Sensibill, a Canada-based fintech startup, announced on Monday it secured $31.5 million through its Series B funding round, which was led by AI-focused venture fund Radical Ventures. Founded in 2013, Sensibill notably works with global financial institutions to solve their customers’ point of management receipt issues.
“Sensibill’s solution drives net new engagements across online and mobile banking channels, while unlocking deep purchase insights across all payment methods. The service is fully white-labeled, designed specifically to meet bank requirements and is live with Tier 1 financial institutions today.”
Sensibill reported that since its previous funding round, the company’s employee count has more than doubled, they’ve opened an office in the U.K., and secured more than 30 major bank partnerships in their target markets of the U.S., the U.K., and Canada. Among these notable brands is the Bank of Nova Scotia, Royal Bank of Scotland Group, and FIS. Corey Gross, Co-Founder and CEO of Sensibill, stated:
“We’re helping champion the future of work. That means supporting small business owners, freelancers, and entrepreneurs–-they’re the fastest growing segment and the most underserved by banks. We believe everybody should have access to services that make them financially healthy, and that their money should be protected by the organizations who provide those services. Banks are best suited to deliver on that latter promise––they have a legacy of security and trust behind them. What we’re trying to do at Sensibill is bridge the gap between what banks are good at today, and where they need to be in five or ten years to protect their relationships from disruption. Tools beyond core banking, an incredible customer experience, and meaningful customer insights for banks––that’s what we bring to the table.”
Funds from the Series B round will be used to continue the growth and development of Sensibill’s platform.