B1.lt

What B1.lt does

B1.lt, operated by Site.pro and headquartered in Vilnius, Lithuania, is a cloud-based accounting and ERP software product targeted primarily at Lithuanian and Baltic small and medium-sized businesses. The platform unifies accountant and manager workflows, offering modules for invoice recognition, invoice creation, expense tracking, inventory, payroll, and financial reporting, with integrations for banks, e-commerce platforms, POS systems, and digital wallets. Its flagship technical capability is an AI-powered invoice recognition module that uses computer vision to read and process purchase and sales invoices in approximately 30 seconds, supporting batch processing and improving accuracy as usage grows.

The product is delivered on a subscription basis with tiered pricing for different customer types and a 30-day free trial; the company emphasizes a self-serve, product-led acquisition motion. Distribution is layered: SMBs can sign up directly through the website, while 391 partner accounting firms and 52 certified integration installers act as referrals, resellers, and implementation partners. A white-label program also allows hosting providers and other partners to resell B1.lt under their own brand on a revenue-share basis, extending reach well beyond the small internal team.

The company has been operating since 2011 (under the Site.pro brand, which originated as a website builder), serves 15,000+ companies, and addresses use cases spanning accounting firms, individual sole-trader activity, agricultural businesses, e-commerce merchants, and general invoicing. No external funding, M&A activity, or institutional investors are disclosed; the business is privately held and led by founder Filip Borcov. Strategic emphasis is placed on automating manual invoice processing and reconciliation while building an AI-enhanced, partner-distributed accounting stack for the Baltic SMB market.

Name

B1.lt

Legal name

Site.pro

Website

https://b1.lt

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

1–10 employees

Short description

B1.lt (operated by Site.pro) is a Lithuanian cloud-based accounting and ERP software with AI-powered invoice recognition, used by 15,000+ SMBs and distributed via 391 accounting-firm partners and a white-label reseller program.

Ownership category

akta.pro rank

Product category

Cloud Accounting Software

NAICS

Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (5412)

SIC

Services-Computer Programming Services (7371), Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

Human Capital Management (HCM) & Payroll Platforms (HDAEAEAJ)

akta.pro secondary industry

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

Keywords

• Cloud accounting software
• AI invoice recognition
• ERP accounting system
• Bookkeeping automation
• E-commerce accounting integration

Headquarters

HQ city

Klaipeda

HQ country

Lithuania

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. Subscription Software: Cloud-based ERP accounting software offered as subscription service with 30-day free trial period. Pricing tiers available for different business sizes and use cases.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

B1.lt provides a cloud-based accounting/ERP system that automates bookkeeping for businesses. Its core offering includes AI-powered invoice recognition (processing invoices in 30 seconds), automatic bank statement imports, invoice generation, and integrations with e-commerce platforms, POS systems, and banking systems. It serves accounting firms, individual businesses, e-commerce operators, and agricultural enterprises.

Product overview

B1.lt (operated by Site.pro) offers a next-generation cloud-based accounting/ERP system called 'Apskaitos programa' (Accounting Program). The platform follows a unified product architecture with integrated modules: the core accounting system serves as the foundation, while specific modules like Invoice Recognition (Sąskaitų atpažinimas) and Invoice Creation (Sąskaitų išrašymas) provide specialized functionality. The AI-powered invoice recognition module is a key differentiator, automatically processing invoices within 30 seconds. The system serves 15,000+ companies and targets accounting firms, businesses, sole proprietors, e-commerce operators, and agricultural businesses, offering 30 days free trial.

Differentiator

Problem solved

Functional benefit

Products and services

• Apskaitos programa (Accounting Program) A next-generation cloud-based accounting/ERP system that unifies accountant and manager workflows. Features AI-powered invoice recognition, comprehensive modules for various business types, and integrates with banks, e-commerce platforms, and POS systems. Targets accounting firms, individual businesses, e-commerce operators, and agricultural businesses.
• Sąskaitų atpažinimas (Invoice Recognition) AI-powered invoice recognition service that automatically identifies and processes purchase and sales invoices within 30 seconds. Supports batch processing of multiple invoices simultaneously and continuously improves with usage. Designed for businesses with high invoice volumes, particularly accounting firms.
• Sąskaitų išrašymas (Invoice Creation) Invoice creation and issuance service for any business type. Features unlimited invoice creation, email delivery to clients, multi-currency and multi-language support, mobile device compatibility, and custom logo addition. Creates invoices in 60 seconds.

Quantifiable outcome

• Invoice recognition in 30 seconds
• +1 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability2 records

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• 391 Accounting CompaniescoreChannel Partner/ Reseller/ DistributorNetwork of 391 accounting firms that provide bookkeeping and accounting services to end clients using the B1.lt platform. These partners offer specialized accounting services and are part of the partner program with special conditions.
• 52 Integration InstallerscoreImplementation/ SI/ Consulting Partner52 certified integration installers available to help businesses deploy and configure the accounting software with external systems including e-commerce platforms, POS systems, and banking integrations.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Xero: Global SMB cloud accounting SaaS. Direct peer because B1.lt targets the same small-business cloud accounting segment with subscription-based, multi-currency, partner-supported delivery model.
• FreshBooks: SMB-focused cloud accounting SaaS with strong invoicing module. Direct peer: serves solopreneurs and small businesses with subscription cloud accounting, multi-currency invoicing, and integrations.
• Vic.ai: AI-native autonomous invoice processing and accounting automation platform. Direct peer: competes head-to-head on AI-powered invoice recognition, the same core differentiator B1.lt markets.
• Wave Financial: Free/freemium cloud accounting for small businesses, including invoicing and receipt scanning. Direct peer: same SMB cloud accounting model, AI-assisted receipt/invoice capture, and self-serve onboarding.
• QuickBooks (Intuit): Dominant global SMB accounting platform from Intuit. Direct peer: same SMB cloud accounting segment, subscription pricing, AI invoice/categorization features, and global partner ecosystem.
• Zoho Books: Cloud accounting suite within the Zoho SaaS portfolio serving SMBs globally. Direct peer: subscription cloud accounting with invoicing, multi-currency, banking integration and partner/reseller channels.

Emerging players

• Stampli: AI-powered AP/invoice automation platform. Emerging player peer: overlaps on AI invoice recognition and matching, complementary rather than full-suite competition to B1.lt's accounting system.

Regional players

• Moneybird: Dutch cloud accounting SaaS for SMBs and freelancers with invoicing-first product. Regional peer: similar subscription cloud accounting for small business with multi-currency invoicing in an EU neighboring market.
• e-conomic: Danish cloud accounting SaaS for SMBs and accountants across the Nordics. Regional peer: comparable small-business cloud accounting product with accountant-partner channel in a nearby market.
• Fortnox: Leading Nordic (Swedish) cloud accounting/ERP platform serving SMBs. Regional peer: comparable cloud-based accounting with partner-led go-to-market in a neighboring market, similar product philosophy.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/b1-lt
• Xx.com/b1cloud
• Facebookfacebook.com/b1cloud

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 B1.lt