AI bookkeeping start-up Outmin raises €4m to expand in Ireland and UK

May 28, 2025

Outmin, an intelligent bookkeeping FinTech based in Dublin, has raised €4m in fresh funding as it looks to scale its AI-driven platform for accounting firms across Ireland and the UK.

The investment round was led by Praetura Ventures through its Praetura EIS Growth Fund and NPIF II – Praetura Equity Finance, which it manages on behalf of the Northern Powerhouse Investment Fund II.

Outmin offers a fully automated bookkeeping solution designed to eliminate manual data entry and streamline financial data production for accounting firms and SMEs. The AI Bookkeeper automates tasks such as document collection, invoice processing, reconciliation, and reporting, and pairs automation with expert oversight to ensure accuracy.

The new capital will be used to expand the company’s engineering team, enhance its AI capabilities, and scale up service delivery. Outmin plans to broaden its footprint in the UK, with a particular focus on the North West of England, where it is seeing increasing interest from accounting firms.

Outmin CEO and founder Ross Hunt said, “This funding marks an exciting new phase for Outmin. It will enable us to continue our growth in Ireland and expand our presence in the UK, especially in the North West which is a hotbed of activity. It’s about delivering a real system that changes how firms operate. With Feargal’s experience and leadership, we’re more equipped than ever to bring automated bookkeeping to more businesses and help accounting firms navigate the future of bookkeeping and finance.”

The company claims more than 350 businesses are currently using its platform, with 11 accounting firms already onboarded. On average, businesses report saving over 200 hours per year, and some partner firms have seen €10,000 in added revenue per client by reallocating staff to higher-value services.

Outmin co-founder and chief revenue officer David Kelleher said, “Every accounting firm is facing pressure to do more with less. The future belongs to firms that invest in better systems, not just people. We’re already partnered with forward-thinking firms like Nexio, who are providing valuable insights to help us optimise our product and create something that gives accounting practices a real competitive advantage.”