CIBC Innovation Banking Provides Digital Receipt Management Platform, Sensibill Inc., With $5 Million in Growth Capital Finan...
20 Mai 2020 - 3:00PM
Business Wire
CIBC Innovation Banking is pleased to announce a $5 million
growth capital financing with Toronto-based Sensibill Inc.
(“Sensibill”), a provider of everyday tools such as digital receipt
management and SKU-level data that help institutions better know
and serve customers. Backed by Radical Ventures, Information
Venture Partners, First Ascent Ventures and Impression Ventures,
the company will use the funds to support its plans for strategic
growth.
By leveraging Sensibill’s digital receipt management solution,
banks and credit unions can provide their customers easier, more
integrated financial management, including tools for budgeting,
returns, warranties and taxes. Founded in 2013, Sensibill works
with approximately 75 financial institutions of all sizes across
North America and the U.K.
“Sensibill has built a robust platform and we’re excited to work
with the team as it strives to become the global market leader in
receipt management,” said Rob Rosen, Managing Director, CIBC
Innovation Banking.
“The deep insights uncovered by our SKU-level data enables
institutions to better know and serve their customers, forming
relationships that will last,” said Corey Gross, co-founder and CEO
of Sensibill. “We look forward to working with CIBC Innovation
Banking as we continue to help institutions across the globe drive
meaningful digital engagement with their consumers and
businesses.”
About CIBC Innovation Banking
CIBC Innovation Banking delivers strategic advice, cash
management and funding to North American innovation companies at
each stage of their business cycle, from start up to IPO and
beyond. With offices in Atlanta, Austin, Chicago, Denver, Menlo
Park, Montreal, Reston, Toronto and Vancouver, the team has
extensive experience and a strong, collaborative approach that
extends across CIBC’s commercial banking and capital markets
businesses in the U.S. and Canada.
About Sensibill Inc.
Toronto-based Sensibill provides everyday financial tools like
digital receipt management and SKU-level data that helps banks and
credit unions better know and serve their customers. The
cloud-based solution enables end users to better track spending and
manage their finances, while unlocking unprecedented insights for
the institution. Sensibill has partnered with approximately 75
financial institutions across North America and the U.K. Visit
getsensibill.com to learn more.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200520005062/en/
For further information: Kathryn Lawler,
kathryn.lawler@cibc.com, 416-242-1943
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