TORONTO--(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.