[saradhi]

Congrats on your launch and recent 12M funding. I'm curious about your business - we are in a similar (not the same) space. Your pricing of $0.08 Per Receipt, $0.16 Per Invoice is a big surprise. What is your acquisition channel?

[ivanvanderbyl]

Unrelated to your question, but as someone not familiar with the space, is that pricing competitive?

[semerda]

This API extracts around 50+ fields in standardized JSON format inc 16 column table types (line-items) in seconds: https://www.veryfi.com/data-intelligence/

Alternative solutions are things like Mechanical turk at 1c per field or other solutions which vary in accuracy and typically use human in the loop and can range up to $1 per invoice.

In the end, it all depends on your application. If you need 1 or 2 fields then you can get away with other solutions. If you are building a competitive secure product and will use this wealth of data for business intelligence (cpg retail, bill pay, hotel folio) then 16c for a starter plan without a contract is a great price.

There's a free 14 day trial here https://hub.veryfi.com/api/hn/ and just requires your email to experience the product. Nothing to loose.

PS. I'm one of the founders.

[saradhi]

I think so - we are offering at 2.5x lower in B2B deals, although beta. Do you, as a consumer, feel ok with 0.16$/ invoice?