Machine Learning

ML-driven Sensibill and CAARY Partner for Digital Finance Solution

SKU-level data expert and SME credit provider help Canadian businesses track spending and manage finances

Sensibill, the leading provider of everyday financial tools and SKU-level insights, and CAARY, a new credit and financial platform for small and medium-sized enterprises (SMEs), today announced their partnership. Together, the companies will offer a seamless, end-to-end financial services solution for SMEs that includes credit, payment solutions, receipt capture, expense management and automated reconciliation.

“We were looking for a strong partner with a progressive approach to round out our platform,” said John MacKinlay, CEO of CAARY. “With Sensibill, our customers have access to a leading digital receipt management solution as well as deep, contextual insights to proactively identify their financial needs and spending habits. This provides huge opportunities for SMEs to save money and optimize spend.”

CAARY, which launches this fall, is targeting the more than 800,000 Canadian SMEs that still don’t have access to business credit. Later this year, the fintech will build out its financial platform with enhanced features, including Sensibill’s Spend Manager.

Sensibill leverages AI and machine learning technology combined with SKU-level insights to provide best-in-class receipt capture capabilities, offering proactive and personalized financial advice, such as identifying potential savings opportunities. Along with finally having access to business credit, these features can significantly enhance the overall financial health of an SME.

Corey Gross, Co-founder and CEO of Sensibill, added, “CAARY is dedicated to filling the financial gaps for small and medium-sized businesses, which aligns closely with our mission of making financial wellness attainable for all. Together, we’re eliminating the hassle associated with traditional receipt tracking, digitizing the process and incorporating new levels of convenience, speed, and accuracy into expense management. Plus, we’re providing deep SKU-level insights that enable personalized experiences, a key competitive differentiator in today’s crowded financial services landscape.”

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