After processing 4 million transactions with 95% accuracy, Spain’s Dost raises €6.7 million to expand into the UK

Barcelona-based fintech company Dost has announced its expansion into the UK market, backed by a €6.7 million Series A funding round led by Octopus Ventures. This move signifies the growing interest in AI-powered financial automation solutions within Europe. Dost, which has already processed four million transactions with 95% accuracy, aims to solidify its position in Spain while capitalizing on the larger UK market. The €6.7 million investment brings Dost's total funding to approximately €8.9 million. The company's platform uses AI to automate financial document processing and supplier management for mid-market enterprises. Dost's technology streamlines accounts payable cycles, encompassing document capture and ERP integration, and serving businesses across multiple sectors. This expansion aligns with a broader trend of increased investment in European financial automation. Similar companies such as Kabilio, Mimo, Pennylane, and Grasp have also recently secured significant funding rounds. Dost’s focus on automating operational finance for mid-market enterprises highlights the growing demand for efficient financial solutions.