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Hubdoc
Automated document collection and data extraction for accountants.
What it does
• Automatically fetches statements, bills, and receipts from online vendors and financial institutions. • Extracts key receipt metadata such as date, total, and vendor details. • Syncs extracted data and source document images directly into accounting software. • Organizes and stores audit-proof financial records in a searchable cloud workspace.
Why it works
Automated document fetching eliminates manual receipt chasing and paperwork collection. Direct integration with major accounting software ensures seamless transactional record keeping. Centralized cloud repository keeps source documents permanently attached for easy audit readiness. Optical character recognition speeds up data entry and reduces manual typing errors.
Category: Business & Operations
Team Size: 26-100
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As of 2026
Business & Operations
Revenue: $10M-100M ARR
Automated document collection and data extraction for accountants.
Overview
Hubdoc is a cloud-based document capture platform that automatically fetches financial records from banks, utilities, and vendors. It extracts key data from bills, receipts, and invoices using automated scanning technology. The software seamlessly syncs transactions and attached source documents directly into major accounting platforms. By centralizing paperwork and eliminating manual data entry, Hubdoc helps accountants and small businesses streamline reconciliation and audit preparation.
Popularity: 100,000+ users
Funding status: Acquired
Revenue source: Subscriptions
Customer type: B2B
Pricing: Subscription
Tech stack: JavaScript, React, Node.js, AWS, PostgreSQL
Platform: Web
Integrations: Xero, QuickBooks Online, Bill.com, Box, Dropbox
Founder story
Founded in 2011 by Jamie McDonald and Jamie Shulman in Toronto, Canada, Hubdoc was created to eliminate manual data entry for small businesses and accountants. By automating document retrieval and extraction, the co-founders built a platform that simplifies financial organization, leading to its acquisition by Xero in 2018.
What it does
- • Automatically fetches statements, bills, and receipts from online vendors and financial institutions
- • Extracts key receipt metadata such as date, total, and vendor details
- • Syncs extracted data and source document images directly into accounting software
- • Organizes and stores audit-proof financial records in a searchable cloud workspace.
Who it's for
- Accountants
- Bookkeepers
- Small Business Owners
- Financial Controllers
Why it works
- Automated document fetching eliminates manual receipt chasing and paperwork collection
- Direct integration with major accounting software ensures seamless transactional record keeping
- Centralized cloud repository keeps source documents permanently attached for easy audit readiness
- Optical character recognition speeds up data entry and reduces manual typing errors.
Growth strategies
- Strategic acquisition and deep integration with Xero ecosystem
- Partner programs targeting accounting and bookkeeping practices
- Direct integrations with major banks and cloud accounting software
- Content marketing focused on accounting workflow automation
Alternatives
Comparison overview
- Hubdoc includes automated document fetching from financial institutions, unlike standard scanning apps.
- It is natively bundled into higher-tier Xero plans, whereas standalone alternatives like Dext require separate monthly subscriptions.