The startup offers a cloud-based platform that automates bookkeeping by utilizing bank data for document handling and account management, eliminating the need for receipts and invoices. This approach minimizes errors in financial accounting processes, saving clients time and resources.
Funding
$2.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses, especially small ones, struggle with the time-consuming and error-prone process of manual bookkeeping, including receipt and invoice management. This often leads to frustration, missed deadlines, and a lack of real-time financial insights.
Solution
Kontolink offers a cloud-based accounting automation platform that streamlines bookkeeping by automatically collecting and matching receipts and invoices to bank transactions. The platform integrates with various accounting systems and email providers to fetch documents, categorize transactions, and register customer payments. Kontolink eliminates the need for manual data entry and ensures that financial records are always up-to-date and reconciled. By automating these processes, Kontolink saves businesses time, reduces errors, and provides a clear overview of their financial status.
Target Audience
Kontolink primarily targets small businesses, startups, and accounting firms seeking to automate bookkeeping processes, reduce manual effort, and gain better financial visibility.
Features
- Automatic receipt and invoice collection from email, cloud storage (e.g., Dropbox), and phone camera via Kontosnap mobile app
- Intelligent matching of documents to bank transactions
- Automatic categorization of transactions using AI
- Automatic registration of customer payments
- Integration with popular accounting systems such as e-conomic, Dinero, Uniconta, Billy, and Xero
- Real-time bank transaction synchronization
- Mobile app for on-the-go bookkeeping
- Automated reconciliation
- Support for multiple mail systems, including Gmail, Microsoft, and IMAP