HostBooks, an accounting tech startup, has raised $5 million from Orange Orbit LLP as part of its $15 million Series B round to enhance its AI-driven accounting and compliance solutions. The funding will fuel product innovation, strengthen its technology stack, and expand its reach among small and medium enterprises (SMEs).
Razorpay led the company’s $3 million Series A round in 2022, and it has since expanded operations to the UAE, demonstrating its aspirations for international growth.
With the AI-powered accounting market witnessing rapid evolution, HostBooks is well-positioned to capitalize on the increasing demand for smarter, automated solutions that streamline business operations.
