Docsumo Company
Docsumo is an intelligent document processing platform for financial services firms. Docsumo helps businesses and enterprises extract data from documents, analyze that data and detect document fraud.
Docsumo’s technology reduces back-office costs by up to 70% and increases productivity by 50%. For every million documents processed by a bank at about $1 per document, DocSumo can directly save $700k. What differentiates Docsumo is that their technology can read non-standardised documents such as bank statements, invoices, pay stubs and contracts with over 99% accuracy and more than 95% straight-through processing.
Docsumo’s technology reduces back-office costs by up to 70% and increases productivity by 50%. For every million documents processed by a bank at about $1 per document, DocSumo can directly save $700k. What differentiates Docsumo is that their technology can read non-standardised documents such as bank statements, invoices, pay stubs and contracts with over 99% accuracy and more than 95% straight-through processing.
Technology:
Accounting, Artificial Intelligence, SaaS, Software, Web Apps
Industry:
Accounts Payable, Commercial Lending, Insurance, Commercial Real Estate, Computer Software, Government Administration, Logistics & Supply Chain.
Headquarters:
Central Region, Singapore
Zip:
19958
Founded Date:
2019
Employees Number:
60
Funding Status:
Seed
Investors Number:
5
Total Funding:
3500000
Last Funding Date:
03.03.2022
Last Funding Type:
Seed
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