What Outmin does

Outmin is a Dublin-based, venture-backed SaaS company founded in 2020 that sells an AI-driven autonomous bookkeeping platform to two distinct customer segments: UK and Irish accounting practices, and the small-to-medium enterprises they serve. The company's core product is Rex, a proprietary AI engine broken into four modules — Rex Collect (automated document and bank data ingestion), Rex Process (transaction categorization and ledger coding), Rex Reconcile (real-time bank, AP/AR, VAT, and payroll matching), and Rex Close (period-end VAT, year-end, and management accounts preparation) — designed to execute the full collection-to-close bookkeeping workflow without manual intervention. The platform is delivered through two purpose-built interfaces, Practice View for accounting firms (portfolio oversight and collaborative client management) and Business View for SMEs (daily books, cash insights, and gross profit visibility), and is built on AWS infrastructure with Plaid providing regulated bank connectivity and Stripe/GoCardless handling payments.

Outmin operates a subscription SaaS revenue model with monthly or annual billing, €10 per additional user, usage-based excess storage fees, and complementary professional services including bookkeeping, payroll, compliance filings, and R&D tax credit management. Pricing is not publicly disclosed and is provided on a demo basis. The go-to-market is sales-led, with a particular emphasis on a practice partner program that turns accounting firms into distribution channels for their SME clients. The company has accumulated approximately €8.15M across four disclosed funding rounds since November 2021, with the May 2025 €4M Series A co-led by Praetura Ventures and Northern Powerhouse Investment Fund II signaling an explicit pivot toward UK scaling. Named customers are predominantly small businesses in food and beverage (Devour Bakery, PI Pizza, Whelan's Gourmet, The Pantry) and technology (Staq AI), alongside accounting practice partners such as Nexio, Bradan Accountants, Strata, and Xeinadin.

As of mid-2025, Outmin serves more than 350 businesses and accounting firms, had exceeded €1M ARR as of June 2023, and was recognized as one of Ireland's start-ups to watch. Strategic hires during the scaling period — Jane Cummings (CTO, former CERN PhD researcher) in 2023 and Feargal O'Rourke (Chairman, former PwC Ireland Head) in 2025 — indicate an emphasis on building both technical AI depth and accounting industry credibility. The company holds no public listing and operates as Outmin Limited, registered in Dublin.

Name

Outmin

Legal name

Outmin Limited

Website

https://outmin.io

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Outmin is a Dublin-based SaaS company that sells an AI-driven autonomous bookkeeping platform to UK and Irish accounting practices and their SME clients. Its Rex AI engine automates the full collection-to-close bookkeeping workflow via subscription pricing.

Ownership category

akta.pro rank

Product category

Accounting Automation Software

NAICS

Accounting, Tax Preparation, Bookkeeping, and Payroll Services (5412), Software Publishers (5132), Business Support Services (5614)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Accounts Receivable (Invoicing, Cash Application, Deductions) (BPAAAGAB)

akta.pro secondary industries

Treasury Operations Support (Cash Management, Bank Reconciliations, Payments Ops) (BPAAAGAH), Corporate Treasury & Supplier Payments (AP, Mass Payments) (FSAMAKAL)

Keywords

• AI bookkeeping automation
• Autonomous accounting software
• Cloud bookkeeping platform
• AI financial reconciliation
• Practice management accounting

Headquarters

HQ city

Dublin

HQ country

Ireland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. SaaS Subscription: Subscription-based SaaS model with monthly or annual billing cycles. Customers pay subscription fees for access to the Outmin platform and bookkeeping automation services. Fees are payable in Euro and are non-cancellable and non-refundable during the subscription term.
2. Per-User Subscription: Additional User Subscriptions available at €10 per User Subscription. Customers can purchase additional seats beyond their base subscription.
3. Excess Storage Fees: Additional charges for customers who exceed their allocated disk storage space. Determined on a case-by-case basis.
4. Professional Services: Accountancy and Administrative Services including bookkeeping, company secretarial, compliance filings, financial reporting, payroll, R&D tax credit management, and tax assistance services.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Outmin provides an AI-powered autonomous bookkeeping platform that automates the full collection-to-close accounting workflow for accounting practices and their small business clients. Its Rex AI engine ingests bank, supplier, and sales data; categorizes transactions; reconciles accounts; and prepares period-end VAT and management accounts. The platform delivers two tailored interfaces—Practice View for accounting firms and Business View for SMEs—delivered as a SaaS subscription with optional professional bookkeeping services.

Product overview

Outmin is an AI bookkeeping automation platform consisting of a unified core platform with the Rex AI engine at its center. Rex orchestrates four interconnected modules — Rex Collect (document gathering), Rex Process (transaction coding), Rex Reconcile (bank matching), and Rex Close (period-end preparation) — delivering fully automated bookkeeping from collection to close. The platform serves two distinct user segments via separate interfaces: Practice View for accounting firms (portfolio oversight, client collaboration) and Business View for small businesses (daily financial visibility, accountant-ready data). The company has grown to serve 350+ businesses and accounting firms.

Differentiator

Problem solved

Functional benefit

Brands

• Rex: AI engine behind Outmin that handles document collection, transaction posting, and automatic reconciliation of client books. Includes Rex Collect, Rex Process, Rex Reconcile, and Rex Close modules.

Products and services

• Outmin Platform AI-powered autonomous bookkeeping platform that automates the full accounting workflow—document collection, transaction posting, reconciliation, and period-end close—for accounting practices and their small business clients.
• Rex AI Engine Proprietary AI engine that collects documents, posts transactions, reconciles client books, and prepares period-end outputs automatically, learning patterns and improving accuracy over time.
• Practice View Dashboard for accounting practices providing portfolio oversight, client ledger access, live Trial Balance views, full document traceability, and collaborative client management without manual effort.
• Business View Dashboard for small businesses providing daily books, cash insights, gross profit visibility, cost of sales tracking, and simplified financial reporting without admin work.
• Professional Bookkeeping and Accountancy Services Optional accountancy and administrative services including bookkeeping, company secretarial, compliance filings, financial reporting, payroll, R&D tax credit management, and tax assistance services.

Quantifiable outcome

• Automating 350+ businesses and accounting firms
• +1 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability7 records

Feature5 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Feargal O'RourkeminorOthers · 28 May 2025Ex-PwC Ireland Head joined Outmin as Chairman in May 2025, bringing industry expertise to help address challenges in the accounting sector.
• AWS (Amazon Web Services)coreTechnology or IntegrationCloud infrastructure partner using AWS security tools to protect cloud environment. Part of multi-layered approach to client data protection.
• StripecoreTechnology or IntegrationPayment processing services provider. Subject to Stripe Connected Account Agreement and Stripe Terms of Service.
• Plaid Financial LimitedcoreTechnology or IntegrationAccount information services provider. In the UK, Outmin UK Ltd is an agent of Plaid Financial Ltd, regulated by FCA under Payment Services Regulations 2017.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Botkeeper: Botkeeper provides AI-driven bookkeeping automation paired with human accountants, sold to accounting firms and SMBs in the US and globally. It is one of the closest direct competitors to Outmin's Practice View + Business View dual GTM and Rex-style autonomous bookkeeping approach.
• Pilot: Pilot.com combines software automation with dedicated bookkeepers for startups and SMBs, with a strong accounting-firm channel. Like Outmin, it sells automation plus back-office bookkeeping services, and competes for the same SME and accounting-practice buyer.
• Bench: Bench offers AI-augmented bookkeeping with a human-in-the-loop model targeted at SMBs in North America. It competes for the same SME end-customer and employs comparable automation-plus-services positioning.
• Zeni: Zeni is an AI bookkeeping and finance platform for startups that automates categorisation, reconciliation, and reporting. It is a direct competitor in the AI-bookkeeping category targeting SMB/startup clients with continuous close positioning.
• Docyt: Docyt provides AI-powered bookkeeping automation aimed at accounting firms and SMBs, automating reconciliation, expense management, and monthly close. It mirrors Outmin's autonomous-bookkeeping thesis with a similar two-sided firm/SMB go-to-market.

Emerging players

• Rillet: Rillet builds an AI-native accounting and ERP platform targeting mid-market and growth-stage companies. While positioned more upmarket, it overlaps with Outmin's AI-led replacement of legacy accounting software.
• Puzzle: Puzzle is an AI-native accounting software startup targeting modern startups and SMBs with automated bookkeeping and real-time financial insights. It overlaps with Outmin's continuous-close, AI-driven positioning at the smaller end of the market.

Broad incumbents

• Xero: Xero is a global SaaS accounting platform for SMBs and their accountants — the primary incumbent Outmin explicitly compares itself against on its website. Overlap is total on SME bookkeeping, though Xero relies on partner accountants and add-ons rather than full autonomy.
• QuickBooks (Intuit): QuickBooks is the dominant SMB accounting platform globally and is rapidly embedding AI features (Intuit Assist). It is a broad incumbent that competes for the same SME and small-practice customers Outmin serves.
• Sage: Sage is a major UK-headquartered SMB accounting and payroll software provider with strong penetration among practices and SMEs in Outmin's core UK/Ireland market. Its Sage for Accountants and AI roadmap compete directly with Outmin's Practice View value proposition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/outmin
• Xx.com/askoutmin

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds4 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Outmin