Sensibill raises $17.3 million for fintech data analysis app

Toronto-based fintech company, Sensibill Inc, has raised $17.3 million in series ‘A’ financing to further develop its flagship mobile banking app as it expands into new markets including the US, UK and Australia. The funding round was led by Information Venture Partners, Toronto and OpenText Enterprise Apps Fund, launched in 2015 to invest in disruptive, enterprise applications that leverage the Internet, big data, predictive analytics, machine learning and mobility. Operative Capital (San Francisco), Mistral Venture Partners (Ottawa) and Impression Ventures (Toronto) also participated in the round. Sensibill’s white label software-as-a-service platform allows customers to extract and structure data from merchant receipts, yielding rich insights into consumers and businesses. The firm has already partnered with several Tier I Canadian banks.