Swisscom mentioned that it has co-led a CHF 1.7 million seed spherical funding within the fintech start-up Expense Robotic by its enterprise capital arm, Swisscom Ventures, along with Six Group. Angel buyers Gian Reto a Porta, founding father of Contovista and Myke Naf, founding father of Doodle, additionally participated within the financing spherical. Expense Robotic plans to make use of the money from the funding to extend the variety of its employees and develop additional merchandise.
The corporate makes use of synthetic intelligence to automate expense and enterprise bank card processes from receipts to compliance checks, finance reserving, VAT enter tax reclaim, and reimbursement. Expense Robotic examined a cloud-based expense administration service in an effort to go reside with its first clients final September. It has taken on board clients together with Swissquote, Kagi, Ameropa and SkyCell.