XBert

Founded in 2016 and based in Australia, XBert Pty Ltd. is a web-based cloud accounting software company that detects bookkeeping errors and financial risks for businesses. The company was founded by Troy Brown and Aaron Wittman. The company integrated with Xero, Myob and Quickbooks to detect potential losses for businesses. Since 2016, the company has grown to having office in 2 locations, 15 full time staff and 3 external advisors. The company develops a software XBert CONNECT which provides automated bookkeeping checks, audits, risk alerts and collaboration and process workflow management tools for identifying errors in financial data of businesses. The features of XBert include alerts for payroll, bank accounts, GST, ABN and other financial risks; OCR attachment scanning, an interactive real-time client risk report for advisors; audit feature for reducing manual tasks and managing bookkeeping workflow. XBert checks the connected accounting software data multiple times a day and identifies the issues, errors or inconsistencies. The software also monitors business information databases such as the Australian Business Register to detect risks that cost businesses money. The software has more than 55 AI Audit risk alerts for data checks which saves time and increases accuracy. The company plans to provide XBert software to the BAS (Business Activity Statement) clients; clients with their own finance staff as a means to audit their work; and higher-wealth clients. The company also plans to double the staff growth in Coffs Harbour over the next 12 months as of 2021. The company also plans to build a global network of customers and is finalizing several partnerships with customers in the UK, the USA, Asia and South Africa.

1. Seed

   Aug 24, 2021

   Amount

   Undisclosed

   Investors

   Locked