SparkReceipt, a pre-accounting software provider based in Finland, has secured investment from Trind Ventures.

The funding round, which remains undisclosed, also received support from the European Union under the InvestEU Fund and Business Finland.

The company provides AI-powered pre-accounting software designed to simplify bookkeeping for micro-businesses, with operations spanning nearly 100 countries. The platform automates receipt and invoice processing, eliminating the need for manual data entry.

The new funding will be used to accelerate SparkReceipt’s international expansion.

Trind Ventures partner Reima Linnanvirta highlighted the significance of the investment, stating, “With my own background in the most boring industries like accounting, legal, and tax, I am always excited to see BoringTech startups transforming these industries. Knowing the team from the past and what they can deliver and seeing the strong early customer traction, I trust SparkReceipt will change the way millions of entrepreneurs handle their accounting, freeing their time for building their businesses.”

SparkReceipt co-founder Joel Ojala said, “It was crazy to see the appetite toward SparkReceipt from VCs. So many reached out, begging to invest. But it makes sense there is momentum in AI accounting for micro-businesses, or maybe it was the rockstar team.”