Botkeeper

What Botkeeper does

Botkeeper, founded in 2015 by Enrico Palmerino, developed an AI-powered bookkeeping automation platform purpose-built exclusively for US accounting firms and CPA practices. The core product, Botkeeper Infinite, combined proprietary machine learning with skilled accountant oversight to automate transaction categorization, bank reconciliation, journal entry creation, and month-end close — claiming 97% accuracy on AI-posted general ledger entries with exceptions surfaced for human review. The platform was architected as a per-client trained model system, with each client entity receiving a continuously improving categorization model, and was supported by a modular add-on suite (Smart Connect, Transaction Manager, Auto Bank Rec, Documents, Bot Review, Close Tracker, Firm Insights, etc.) plus supporting services like Botkeeper University and tiered onboarding.

The company sold through a hybrid motion: direct enterprise field sales to accounting firms plus self-serve online signup, with a mutual referral relationship with ADP funneling mid-market firms. Pricing was subscription-based per entity license on a four-tier volume schedule ($149 down to $59 per month, with 10% savings on annual billing), and the platform required QuickBooks Online as the sole general ledger integration. Botkeeper raised nearly $90 million across multiple venture rounds between 2018 and 2021 from investors including Greycroft, Ignition Partners, Sorenson Capital, Google-backed Gradient Ventures, High Alpha, and Point72 Ventures. The company grew to 251-500 employees across offices in the US (St. Petersburg, Boston, Charlotte, Fort Lauderdale), Colombia (Medellín), and the Philippines (Balanga), serving over 200 accounting firms and their 5,000+ end-client business books.

In February 2026, Botkeeper announced it was winding down operations after nearly a decade in market, with the CEO citing a 'perfect storm' of macroeconomic headwinds and accounting-industry consolidation that eroded the company's largest client base in late 2025. In March 2026, Xendoo acquired the Infinite AI platform technology, with Botkeeper's co-founders and CTO joining Xendoo; Botkeeper now operates as a division of Xendoo Inc. with both entities continuing to share technology and strategic direction.

Name

Botkeeper

Legal name

Xendoo Inc.

Website

https://botkeeper.com

Company type

Private

Founded year

2015

Operating status

Acquired

Headcount range

101–250 employees

Short description

Botkeeper built an AI-powered bookkeeping automation platform, purpose-built for US accounting firms, that combined machine learning with human oversight to automate transaction categorization, bank reconciliation, and month-end close. The company served 200+ firms and 5,000+ end-client books before winding down operations in February 2026; the Infinite platform technology was subsequently acquired by Xendoo.

Ownership category

akta.pro rank

Product category

Accounting Practice Automation Software

NAICS

Software Publishers (513210), Software Publishers (51321)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

End-to-End Enterprise AI Platforms (MLOps & Model Lifecycle Management) (HDAEANAA)

akta.pro secondary industry

Model Governance, Approval Workflows & Auditability (HDAAABAJ)

Keywords

• AI bookkeeping automation
• Accounting firm software
• Automated journal entries
• Bank reconciliation software
• Transaction categorization platform

Headquarters

HQ city

St. Petersburg

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Licenses (Botkeeper Infinite): Subscription-based software licensing model where accounting firms purchase entity licenses to access the platform. Each license covers one client entity. Pricing tiers based on number of licenses (1-4, 5-9, 10-24, 25+). Includes full access to all software features including Firm Insights, Activity Hub, Transaction Manager, Smart Connect, and more.
2. Tax Preparation Services (Add-on): Additional services for tax-ready financials starting at $149/month for automated tax preparation capabilities

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Botkeeper develops and sells Botkeeper Infinite, an AI-powered bookkeeping automation platform purpose-built for accounting firms and CPA practices. The platform combines machine learning with human-assisted AI to automate transaction categorization, bank reconciliation, journal entries, and month-end close, sold as a per-entity subscription license (1-4, 5-9, 10-24, 25+ tiers) requiring clients to use QuickBooks Online as their general ledger.

Product overview

Botkeeper offers Botkeeper Infinite, an AI-powered bookkeeping automation platform purpose-built for accounting firms. The platform combines machine learning with human-assisted AI to automate transaction categorization, bank reconciliation, journal entries, and month-end review. Key integrated modules include Smart Connect (financial institution linking), Transaction Manager (transaction review), Auto Bank Rec (automated reconciliation), Documents (storage), Work (task management), Password Manager (credential management), Client & User Management, Transaction Insights (analytics), Bot Review (AI exception handling), Activity Hub (communication), JE Automation (journal entries), Close Tracker (month-end tracking), and Firm Insights (firm-wide analytics). The architecture centers on the Infinite platform with modular add-ons for specific workflow needs.

Differentiator

Problem solved

Functional benefit

Brands

• Infinite: AI-powered bookkeeping automation platform designed for CPA firms and accounting practices.

Products and services

• Botkeeper Infinite AI-powered bookkeeping automation platform purpose-built for accounting firms and CPA practices. Combines machine learning with skilled accountants to automate transaction categorization (97% accuracy), bank reconciliation, journal entries, and month-end review. Sold as a per-entity subscription license with tiered pricing, requires QuickBooks Online as the primary GL, and is delivered to firms with at least 10 monthly bookkeeping clients.
• Tax Preparation Services (Add-on) Add-on subscription service providing automated tax preparation capabilities and tax-ready financials for accounting firms, priced separately from the core Botkeeper Infinite platform starting at $149/month.

Quantifiable outcome

• 50%+ reduction in bookkeeping labor hours
• +6 more outcomes

Named customers15 records

Segments3 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

Feature8 records

Partnerships

Three partnerships are on record, tiered core.

• XendoocoreStrategic or Co-development Partner · 3 March 2026Xendoo acquired Botkeeper's Infinite AI automation technology. Botkeeper announced it would wind down operations. Both companies continue operating separately while sharing technology and strategic direction. Botkeeper is now a division of Xendoo Inc.
• ADPcoreChannel Partner/ Reseller/ DistributorADP payroll partners refer accounting firms to Botkeeper. ADP reps identify firms struggling with bookkeeping volume and recommend Botkeeper solution. Botkeeper markets directly on ADP partner pages.
• QuickBooks Online (Intuit)coreTechnology or IntegrationQuickBooks Online is the only supported General Ledger integration for Botkeeper. All client accounting firms must use QBO as their primary GL to be eligible for Botkeeper services.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Xendoo: Xendoo provides AI-assisted bookkeeping and accounting services for small businesses and accounting firms, with a similar B2B-firm focus and QuickBooks-centric stack. Most relevant direct peer — and now the parent company that acquired Botkeeper's Infinite platform.
• Pilot.com: Pilot is a bookkeeping, CFO, and tax service for startups and SMBs that combines proprietary software with human accountants — conceptually identical to Botkeeper's human-assisted AI model, though primarily serving end-user businesses rather than accounting firms.
• Bench (by Employer.com): Bench combines software with a team of bookkeepers to deliver monthly bookkeeping and financial statements to SMBs. Similar AI-plus-human service model and QuickBooks-adjacent approach, but Bench historically targets business owners directly rather than accounting firms.
• Bookkeeper360: Bookkeeper360 is an accounting and bookkeeping service that pairs human bookkeepers with cloud-based software to serve SMBs and accounting firms. Closely comparable business model, vertical SaaS-plus-services stack, and QBO/Xero integrations.

Emerging players

• Karbon: Karbon is a practice management workflow platform for accounting firms, with growing AI automation capabilities for repetitive bookkeeping work. Partial overlap with Botkeeper's accounting-firm automation thesis but focused on workflow/PM rather than GL posting.
• Canopy (by Canopy Software): Canopy provides practice management, document automation, and workflow tools for accounting firms. Comparable target buyer (US accounting firms) with adjacent — rather than overlapping — automation capabilities to Botkeeper's GL-posting AI.
• SurePrep: SurePrep provides AI-driven tax preparation and document automation software for CPA firms. Comparable vertical-specialized AI automation play, but for tax workflows rather than bookkeeping — sold to the same US accounting-firm buyer.
• Basis (AI Accounting): Basis is an AI-native accounting automation startup building autonomous bookkeeping and close tools for accounting firms and finance teams. Same AI-for-accountants thesis as Botkeeper, but newer entrants using frontier LLMs that could leapfrog Botkeeper's ML architecture.

Broad incumbents

• Intuit (QuickBooks Live + AI): Intuit operates QuickBooks Live (a human-augmented bookkeeping service) and is embedding AI bookkeeping agents directly into QuickBooks. As Botkeeper's sole GL partner and a vertically integrated competitor, Intuit is the dominant incumbent that Botkeeper must align with or compete against.

Others

• FreshBooks: FreshBooks is a cloud accounting platform for SMBs and the self-employed, with growing AI features. Comparable SaaS accounting category, but serves end-user businesses rather than accounting firms, and is broader than Botkeeper's firm-automation wedge.

Market position

Strengths5 records

Weaknesses1 record

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/b0tkeeper
• YouTubeyoutube.com/channel/UCOGazHB2J5-KYoIRJaHtDNA
• Facebookfacebook.com/botkeeper
• LinkedInlinkedin.com/company/botkeeper
• Instagraminstagram.com/botkeeper

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds4 records

Investors11 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 Botkeeper