Briefcase, a London-based accounting automation startup, secured $3 million in seed funding to develop its AI-powered bookkeeping platform. The platform uses multimodal AI to automate tasks like transaction categorization and VAT compliance, significantly improving speed and accuracy compared to traditional methods. Early adopters are already testing the beta version, providing valuable feedback. The funding will support team expansion and accelerated product development, aiming to revolutionize the $627 billion global accounting industry.
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