Bluesheets raises $1.5 million to automate back-office tasks with AI

Clare Leighton and Christian Schneider, Co-Founders of Bluesheets

Singapore based Bluesheets helps to facilitate connecting and automating all financial data for enterprises in one place and has onboarded enterprises from around the globe.

The $1.5 million funding round was oversubscribed with participation from recognised innovative global investors such as Investible, Antler, 1982 Ventures, KipleX and Kistefos.

The funds will help to scale Bluesheets to new markets to expand offering to new segments.

Bluesheets offers AI data transformation

Bluesheets is an AI-based data transformation platform that automates enterprise accounting and enables financial automation for both local and global businesses.

Bluesheets announced the closing of an oversubscribed VC funding round of $1.5 million USD from Australia’s Investible, Antler, 1982 Ventures, KipleX and Kistefos.

The round was led by early Canva investor Investible from Australia.

Bluesheets was launched by former Uber, Rocket Internet, Delivery Hero and Citi Group executives Christian Schneider and Clare Leighton in 2021 and acquired enterprises and SME customers in over 10 countries and over 100 paying customers by August 2021.

Global brands Pizza Express, Osome, and Nextpay are counted amongst their users.

“Companies today are faced with a difficult choice – either process the valuable data they are sitting on manually, or invest tremendous time and resources in accessing it.”

“What if we could change all of that with a single tool that ingests, classifies, exports and is easy to implement.” said Christian Schneider, co-founder and CEO of bluesheets.

“Bluesheets connects tools like WhatsApp, email inbox, or revenue channels seamlessly with accounting platforms like Xero or Quickbooks and many other third party apps.”

“We provide input and export APIs for third party platforms to plug into the system for greater interoperability and vertical integration within the bluesheets ecosystem.”

Bluesheets leverages APIs, powerful classification algorithms and machine learning techniques to ingest unstructured data at scale and provides a solution for processing financial data.

With growing demand in the wake of the COVID-19 pandemic, there is a large and immediate opportunity presented by the $469.8B global digital transformation industry.

Stakeholder comments on Bluesheets AI solution

“By connecting our systems over bluesheets, we’ve entirely eliminated the need to build and maintain integrations ourselves. It’s been a huge cost saving.”

“With all revenue channels connected to Bluesheets, management can view performance daily, without waiting for weeks to see the numbers,” said Josh Bell, Principal at Guzman y Gomez.

“Bluesheets’ data categorization is globally language and currency agnostic.”

“Simplicity was key since it is an easy decision for businesses to connect their favourite business tools within a few clicks,” said Clare Leighton, co-founder and COO of Bluesheets.

“Something tedious and complex is now automatic and simple.”

“Large businesses sit on mountains of valuable data, but even small operators are in the same boat – unable to effectively make use of their financial data, let alone in a timely manner.”

Bluesheets customer Solomon Tan of Fidelis Capital asserted that, “F&B and many other industries are now going through the age of digitisation.”

“Bluesheets is highly recommended to any business owner who is concerned about streaming and optimising their operational and financial processes. Let Bluesheets take care of your business’ labour intensive processes so your staff can focus on things that matter.”

“Business leaders understand the complexities of managing financial back office at scale.”

“Bluesheets pioneered Industry 4.0 capabilities equipping businesses to automatically ingest data from a variety of sources and derive insights in real time within a turnkey platform.”

“We are excited to support Bluesheets as they scale,” said Jake Booker, Principal at Investible.

“Bluesheets is the epitome of a scalable SaaS solution due to its geography-agnostic simple customer onboarding, massive regional market and partnership-friendly growth approach.”

“We are excited to support Bluesheets,” said Stan Zabolotsky, Head of Ventures at KipleX.

Bluesheets works with SMEs, accounting firms and large enterprise clients. The self-serve SaaS model and tiered subscriptions allows businesses to easily get started with the solution.

Bluesheets has a partnership-friendly approach, connecting with local fintech platforms, Point-of-Sales (POS) platforms and messaging tools to make more connections available to users.

The $1.5 million funding round will be used to facilitate the planned scaling of Bluesheets to global markets while continuing to expand the offering to new client segments.