# Wrebit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wrebit

- Industry: Software
- Headquarters: Ulricehamn, Sweden
- Website: www.wrebit.se
- Total disclosed funding: $0.2M
- Latest round: Seed (Jul 29, 2016)
- Investors on record: 3

## About

Wrebit AB develops a mobile application tailored for small business owners, enabling efficient bookkeeping and invoicing through automated features, aimed at simplifying financial management for non-accountants.Founded in 2016 by David Wengbrand, Wrebit AB is headquartered in Ulricehamn, Sweden. The company specializes in providing a mobile bookkeeping and invoicing solution. In May 2017, Wrebit raised SEK 10 million from investors including Aggregate, ALMI Invest, InkInvest, and Stahl Invest, totaling SEK 10 million in funding. The company has engaged in 2 deals to date.Wrebit offers a mobile application designed for small business owners, facilitating bookkeeping and invoicing. Key functionalities include automated receipt scanning, bank integration, and professional invoice generation, catering to solo entrepreneurs and small businesses using simple accounting methods. The app primarily serves the Swedish market, empowering users in sectors like retail and consultancy to manage financial tasks efficiently without extensive accounting knowledge.In the most recent year of 2024, Wrebit reported revenue of SEK 242,282.2 with an EBITDA of -SEK 126,790.8. The company generates revenue through a subscription model, offering a free trial for 30 days followed by paid plans starting at 199 SEK per month, ensuring ongoing user engagement and support.Wrebit plans to leverage the SEK 10 million raised in May 2017 to enhance its mobile application with upcoming features designed to further streamline financial management for users. Additionally, the company is considering expansion into new markets beyond Sweden, although specific regions and timelines have not been disclosed.

## Funding rounds

- Seed, Jul 29, 2016, $0.2M — ALMI Invest, Stahl Invest, InkInvest

## Investors

- ALMI Invest — Seed
- Stahl Invest — Seed
- InkInvest — Seed