We're excited to celebrate the 5th year anniversary of ReInvestWealth. In today's world of technology everything, ReInvestWealth has found its place as a fintech leader in the accounting space.
Our goal has always been to help business owners build more sustainable and profitable companies through accounting technology. We're solving these problems by building the smartest accounting products. We're creating software that can learn, adapt, manage and optimize business finances in real-time.
Over the last year in particular, ReInvestWealth has built a strong foundation of accounting tools such as bookkeeping automation and personalized recommendations. All with the objective of helping business owners succeed.
Forward Looking Statement
With the rollout of Open Banking underway, we see 2023 and 2024 as revolutionary years for fintech in Canada. Business owners will be able to better manage finances through more accurate reporting, faster money transfers and higher quality data.
We cannot stress the importance of Open Banking and Open Finance in Canada, especially the Real-Time-Rail system. These frameworks are critical in ReInvestWealth's long-term success.
Revenues doubled over the last 12 months compared to fiscal 2021 despite the economic downturn and slowdown in startup funding.
We've continued to grow our database and have analyzed over $7M of transactions in the last year consisting of over 8,000 business transactions. We're currently on pace to have analyzed over $10M in transactions by the end of 2022.
We have exciting products in development and will share updates in the coming weeks. Keep an eye out on our LinkedIn page and our blog to stay updated on our progress! It's truly exciting times for fintech in Canada.