Beppo is a bookkeeping solution for small and medium-sized businesses across the Philippines. Their accounting app is well-suited for SMEs, and their end-to-end AI-powered service ensures affordable yet effective bookkeeping.
Problem
- Lack of bookkeeping knowledge: A survey revealed that 23% of MSMEs in Manila had no knowledge whatsoever of bookkeeping, while the majority simply used pen-and-paper records for tracking cash flow.
- Shortage of accountants: Although hiring CPA (Certified Public Accountant) firms seems like a natural solution, the Philippines faces a shortage of trained accountants. Low passing rates and a dwindling number of aspiring accountants are exacerbating the issue.
Solution
- Seamless, affordable bookkeeping: Beppo simplifies and makes bookkeeping and tax filing affordable through their AI-powered services. It assists business owners with business registration, bookkeeping duties, and tax form preparation.
- Innovative SaaS tech: Their solution uses computer vision (OCR) to process photos of receipts as data, combining automated rules with human reviewers to ensure accuracy. They also offer a user-friendly mobile app for easy access by small businesses.
- Expanding reach: By making bookkeeping affordable, Beppo has positioned itself to acquire other bookkeeping businesses, enhancing their offerings even further.
Media Links
Type
BFSI and Enterprise
Focus Area
Enterprise and Sustainability
Capital Raised (US$)
<1M
Operational HQ
Philippines
SECTOR
FinTech, Mobile Platform, and SaaS
status
Current
founders
Marvin Galang, Genevieve Galang, Katherine Castro
partnered
2022
exited
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