Dublin-based startup Outmin counts up €1.5 million for its automated accounting solution
Summary
They’re a crucial part of keeping cash flowing and the economy ticking as they employ millions across the continent, provide essential services and create an entrepreneurial spirit and energy. Existing tools and processes don’t work efficiently for small, high-growth companies and SMEs are, as a result, required to spend a considerable amount of time and money (which is often in short supply) on professional services and solutions. In doing so, the startup claims to help businesses tackle the administrative burden, improve the quality of their financial data and dramatically reduce costs, with some clients already saving up to €100k a year by using the service. MGV Venture Partner, Ellen McCance commented: “Outmin is changing the game for SMEs by making the accounting and bookkeeping process straightforward and simple, using cutting-edge AI technology. We are excited to partner with Ross, David and the Outmin team who have adopted a truly customer-centric approach to solving a pain point that is endemic across the SME segment.