Datamolino

Name: Datamolino
Brand: Datamolino s.r.o.
SKU: 68df80ffb95c627093969370
Rating: 5 (127 reviews)

Overview of Datamolino Software Company

Datamolino is a fintech company specializing in automated accounts payable and bookkeeping solutions. It streamlines financial data entry by converting invoices, receipts, and bank statements into structured digital records that integrate directly with accounting platforms like Xero and QuickBooks Online. The company is headquartered in Bratislava, Slovakia, with operations extending into the UK and broader European markets.

Founding and Growth

Founded: 2013

Founders: Andrej Glezl and Jan Korecky

Headquarters: Bratislava, Slovakia

Growth Trajectory: Datamolino began as a startup focused on eliminating manual data entry for accountants. Over time, it expanded its capabilities with AI-driven document processing and integrations with major accounting software. The company has maintained a lean team of around 20 employees, emphasizing product refinement and customer support.

Funding and Valuation

Total Funding Raised: $729K across two rounds

Key Investors: Wayra and FUND Innovation and Technology

Latest Round: Seed funding of $676K in February 2014

Estimated Revenue: Approximately $2.9 million annually

Datamolino’s platform is built around intelligent document automation:

Invoice and Receipt Processing: Converts scanned documents into structured data.

Duplicate Detection: Flags repeated entries to prevent accounting errors.

Bank Statement Extraction: Automates data capture from financial statements.

Integration with Accounting Software: Seamless syncing with Xero and QuickBooks Online.

Mobile App: Allows users to scan and upload documents on the go.

Automation Rules: Customizable workflows for folder management and data export.

Datamolino AI and New Features

Recent updates have included:

Automatic Rounding Adjustments: For QuickBooks Online exports.

Improved Document Search: Based on contact names and metadata.

Attachment Export Options: Allows users to include original files during data export.

Release Notes Widget: Embedded in the app to keep users informed of changes

Company Culture and Values

Datamolino promotes a culture of efficiency, transparency, and customer-centric innovation:

Lean Team: With a small but agile workforce, the company focuses on rapid iteration and direct user feedback.

Customer Empowerment: Tools are designed to reduce administrative burden and free up time for strategic work.

Privacy and Security: Strong emphasis on GDPR compliance, data ownership, and encryption standards.

User Base and Community

Target Audience: Accountants, bookkeepers, and small to medium-sized businesses.

Community Engagement: Offers demo sessions, video tutorials, and live chat support.

Global Reach: While rooted in Europe, Datamolino serves clients internationally, especially those using cloud-based accounting platforms.

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