Receipt Bank, a London-based digital receipt platform, said it raised $73 million (55 million British pounds) in a Series C funding round led by Insight Partners along with Augmentum Fintech. 

The funding will be used to extend the Receipt Bank product suite and continue growth in overseas markets, including Europe, North America and Australia. The company said it doubled its number of customers in 2019 to 360,000. 

"This investment is an endorsement of our mission at Receipt Bank, to help accountants do more, empowering millions of small businesses to save time on their finances and focus on growth," Adrian Blair, CEO, said in a company release. "Our machine learning technology enables accountants to dramatically enhance their service to small business clients, expanding the market to professional advice by making accountants far more productive."

Existing investors Kennet Partners and Canadian Imperial Bank of Commerce also participated in the funding round. 

Cover image: Receipt Bank.