Smacc provides a platform that digitizes and automates accounting and financial processes for SMEs by turning submitted receipts into machine-readable, encrypted data and allocating them to accounts. The system self-learns over time, tracking invoices, sales, costs and liquidity while improving automatic allocation at the supplier and position level. It checks roughly 64 data points to verify invoices, including math and VAT‑ID issuer validation. Users gain near‑real‑time liquidity planning and revenue/expense reports without manual data entry or waiting for external accountants. Smacc positions itself against cloud accounting providers like Xero and Crunch by emphasizing a higher level of automation across accounting processes. The company has secured a $3.5 million Series A round from multiple investors.

Total raised

$4M

Funding rounds

1

Latest round

Series A

Latest activity

Jun 2016