Klippa and Bizcuit Join Forces to Transform Embedded Financial Services Across Europe
Press Release | January, 2025
Intelligent Document Processing (IDP) software developer Klippa and Dutch fintech Bizcuit announce their strategic partnership. Effective January 2025, Bizcuit’s clients can now also have access to other Klippa services, such as premium invoice recognition and e-invoicing. Klippa’s advanced document automation capabilities will be made available through Bizcuit’s comprehensive suite of embedded services, allowing banks and financial software providers to offer their clients customized SME solutions. Bizcuit’s embedded services include AP- and AR-automation, invoicing, payments, and bank- and bookkeeping integrations, enabling a seamless information exchange between entrepreneurs, accountants, banks, PSPs, and financial software.
Access to latest financial technology
Access to the latest financial technology is crucial for smaller companies to adapt to the fast changing digital environment. The partnership’s goal is to eliminate manual data entry, streamline workflows, and address SME challenges tied to siloed systems and compliance requirements. Together, Klippa and Bizcuit aim to deliver innovative, integrated solutions that empower businesses to achieve optimal efficiency and meet the growing demands of financial digitalization across Europe, such as exchanging e-invoices via the Peppol network, the emerging standard for e-invoicing and e-procurement.
Embedded services for banks and SaaS providers
Bizcuit’s platform allows banks and software providers to embed services such as bank integrations, payments, document processing, and accounting system connectivity. With the addition of Klippa’s cutting-edge Optical Character Recognition (OCR) and Intelligent Document Processing solutions (IDP) Bizcuit can now offer partners more advanced tools. Including, premium invoice recognition, offering 100% recognition accuracy, as well as the integration of a Peppol access point for e-invoicing.
Premium invoice recognition refers to advanced technology or services that enable highly accurate and efficient processing of invoices by automatically extracting and interpreting data from invoices in various formats (e.g., PDF, scanned images, or electronic documents).
E-invoicing involves the electronic sending of invoices through a secure and standardized platform. This includes the integration of a Peppol access point, which ensures seamless and compliant exchange of invoices. Starting January 2026, Peppol will be mandatory in Belgium, ensuring the secure and standardized exchange of electronic invoices between businesses and public entities. In the Netherlands, Peppol is mandatory for B2G invoicing (Business to Government). It is expected Peppol soon will become mandatory for all B2B invoicing in many European countries, including the Netherlands
SME is the backbone of the economy. By adding intelligent document processing and e-invoicing to our range of services, our partners have even more solutions available to make the lives of SME’s easier. Via this new partnership, Klippa’s technology enables Bizcuit to offer banks and business software solution providers more complete financial services to their SME customers
Unlocking new opportunities for European market expansion
Its expertise in integrations with accounting systems, Open Banking solutions, and customizable UI and API capabilities make Bizcuit the ideal partner for Klippa. By leveraging Bizcuit’s reach and expertise, Klippa can bring its innovative technology to new markets and extend its footprint across Europe. This collaboration focuses on helping banks become SME enablers, offering tailored solutions for receiving invoices and receipts, data extraction, reconciliation, AP automation, and more.
We are thrilled to partner with Bizcuit to expand our reach and help businesses across Europe thrive. This collaboration combines Klippa’s innovative technology with Bizcuit’s robust platform, enabling us to provide banks and software providers with powerful tools to automate document workflows and enhance their SME propositions.
Solving industry challenges through innovation
This partnership addresses critical industry challenges such as manual data entry, compliance with e-invoicing standards, and the inefficiencies caused by siloed systems. By combining their expertise, Klippa and Bizcuit aim to simplify complex processes for SMEs, making it easier for them to focus on growth and innovation.
As part of this collaboration, Bizcuit – supported by Mastercard Strive – will introduce Klippa’s services to banks across Europe. This initiative strengthens both companies’ positions in the competitive landscape, delivering broader and more integrated solutions that meet the evolving needs of the financial services industry.
With a shared commitment to innovation and efficiency, Klippa and Bizcuit are set to redefine the embedded services market. This partnership ensures that banks, SaaS providers, and SMEs have access to state-of-the-art tools for automation, compliance, and financial management, driving growth and streamlining operations at scale.
For further information and media requests please contact:
Aila Kubat – PR Marketeer
[email protected] | +31 681531168