London-based startup, Briefcase, has raised €2.8 million in seed funds to develop an AI-powered accounting automation platform.
The platform will automate manual accounting processes such as bookkeeping and month-end closing, integrating with popular ledger platforms like Xero and QuickBooks.
Briefcase's AI will handle repetitive tasks, freeing up accounts personnel to focus on more important work and offer value-added services.
The funds will be used to expand the team, scale operations, and offer better services to early adopters of Briefcase's platform.