2017 has been a huge year for us here at Receipt Bank: we completed a very successful Series B funding round, expanded our international presence and brought some incredible new leaders into the company, to name but a few highlights.
In honour of the year that’s been, here is our 2017 in numbers, people and moments!
2017 IN NUMBERS
Working with accountants and bookkeepers, we know it’s the numbers that count. A picture may say a thousand words, but we think these numbers tell a pretty great story too:
1 new office opened (in South Africa)
66 thought leadership events hosted
3 Xerocons attended
4 Quickbooks Connects attended
29 roadshows made orange
96 blogs published (including this one)
$50 million in investment secured
2017 IN PEOPLE
From the very beginning, Receipt Bank has been powered by people just as much as technology. In 2017 we’ve been securing some of the world’s top talent to bring the effortless bookkeeping revolution to more people than ever.
Trecilla Lobo joined as Chief People & Talent Officer
“Receipt Bank has built a remarkable culture over the last seven years, and achieved some impressive results. I’m so excited to be able to grow and develop that sense of purpose as the company adds more team members worldwide and reaches new heights.”
Alex Gayer joined as Chief Financial Officer
“I want to work for a company that is shaping its own industry, not just following the crowd, and in Receipt Bank I have found the perfect fit. The business has already achieved significant success internationally but the enormous potential for growth is what really attracted me.”
Eric Eden joined as CMO
“I joined Receipt Bank because I love growing and building companies. I was excited by the challenge to quadruple the number of partners Receipt Bank has today. Glad to be part of the team making that a reality.”
Vicky Skipp joined as VP of Sales APAC
“The passion associated with transformation and innovation at Receipt Bank is incredible. The goal has always been – and will continue to be – developing tools that help accountants and bookkeepers work more efficiently and provide more value for clients. True to the company’s spirit, this involves investing in innovation to stay ahead.”
Nora Khalili joined as VP of Sales NA
“It’s rare to find an opportunity where there is such a stellar product with a very clear value proposition in a market that is virtually green fields. Combine that with a company culture that is based on learning and huge support for one another’s growth, and it really is a unique place to be. I leave tired at the end of each day but thoroughly excited to come in the next morning.”
A word from some of our 2017 starters
Cecilia Herbert, Product Owner for Receipt Bank Custom
Cecilia joined in February as a Product Owner, which means she is in charge of perfecting our advanced Custom software.
“My favourite thing about working at Receipt Bank,” says Cecilia, “is everyone’s spark and enthusiasm! As well as there being lots of achievements and celebrations.
"Although, the biggest challenge is definitely by 8:30am calls with the developer team in Bulgaria – surprisingly I’m not a morning person.” To sum up Receipt Bank’s 2017 in three words, she says it’s been “full steam ahead!”
Mustafa Roomi, Product Owner for Practice Platform
Mustafa also joined in February, as the manager of our workflow visibility tool, Practice Platform.
“It’s corny,” he says, “but my favourite thing about Receipt Bank would definitely have to be the people. To have such a large group of happy, enthusiastic and ambitious people in one company is really amazing!”
His biggest challenge has been “the need for constant change. More specifically how important it is to communicate and plan the change before, and while it is happening.” As for 2017 in three words, he says, “Bigger, Faster and Exciting.”
Aurore Soulas, Product Marketing Manager France
Aurore came onboard a little later, in June, as part of our further expansion into the French market.
My favourite thing about Receipt Bank is the international dimension of the company and all the team spirit that goes beyond cultural differences." says Aurore. "My biggest challenge has been launching marketing activities in France - a new area for Receipt Bank."
Aurore's description of Receipt Bank's 2017? "Amazing, fulfilling and challenging."
2017 IN MOMENTS
There were so many moments that made this year special, but if we were to pick out just a few – and we will – then these four milestones make the cut.
February: We joined the Future Fifty programme
Starting off the year strong, we managed to get a place on the Future Fifty programme, the only programme for late-stage digital tech companies in the UK. Essentially, Future Fifty acts as a peer network, within which members can trade expertise, create opportunities and establish a stronger profile.
In hugely exciting news, June saw us score a US $50 million investment from leading global private equity and venture capital firm, Insight Venture Partners. Adding to our 2016 Series A funding of $10 million by Kennet Partners, the investment was a landmark achievement for us.
It was a great honour for us to come in at #10 in the Sunday Times Hiscox Tech Track 100, a league table of the fastest growing tech companies in the UK. The award was representative of the huge growth we've experienced in recent times, and as our co-founder and CEO, Alexis Prenn, commented at the time, "This is the tip of the iceberg and the potential for this exciting business will continue to grow."
Only two months later, we came in at #7 in Deloitte's UK Fast 50, another ranking of the fastest growing UK tech companies based on revenue growth over the last four years. It was the perfect way to close out the year in style and build up excitement for the next!
It's not quite the end of the year yet, and we've still got plenty to do before 2018 rolls around – we're sure you do too! Of course we have to thank our brilliant partners, for believing in our vision of effortless bookkeeping and sticking along for the ride. May 2018 be bigger and better!