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Crush Receipt Chaos

Crush Receipt Chaos

Turn messy receipts and invoices into clean JSON in 5 seconds

Yann from FinTex
July 03, 2025

Hey — It’s Yann.

Welcome to this new FinTex edition, the weekly FinTech news and trends for developers, helping you to build x10 better. This newsletter takes 5 minutes to read.

If you only have 30 seconds: Verify turns raw receipts, invoices—even 1040 form—into clean JSON in ~3–5s per document. It ships 50+ open-source SDKs covering everything from Kotlin to Go, plus a plug-and-play MCP server so your AI agents can hit the API without extra glue.

Worth a look if you’re tired of hand-rolling OCR for bookkeeping, tax prep, or KYC.

Let’s get into it.

FinTech Focus

The paper-cut problem

This week I closed our year-end books with a shoebox of faded thermal receipts.

Scanner mis-reads, date formats all over the place and missing information (I’m looking at you Xero and Dext). Few nights later, I still hadn’t reconciled every payout. Multiply that by payroll-week jitters, and you get why devs hate document data. The pain is universal for expense apps, neobanks, and anyone touching GST/HST returns (“Sales Tax” for my fellow Americans).

Veryfi promised to nuke that paint point. Here’s what happened.

Transform Documents into Data in Seconds

Think of Veryfi as “Stripe for receipts.” Drop a PDF, get a structured blob: vendor, totals, line-items, taxes, even tip. Non-technical friend version: take a photo and the numbers appear in your spreadsheet. Their secret sauce is a fully automated, template-less ML pipeline that’s SOC 2 Type II compliant on AWS.

Founded in 2017 by Dmitry Birulia & Ernest Semerda (YC W17) to kill manual data entry, the platform now processes docs in 91 currencies & 38 languages and powers fintech names like Navan (TripActions), Intuit QuickBooks & Square.

Key Information

🕒 Speed: 3–5s for per documents

🛠 DX candy: 50+ GitHub repos + ready-made MCP server

🛡 Compliance: SOC 2 Type II, GDPR, HIPAA, CCPA out of the box

Honest limitations

Multi-page PDFs may add processing seconds; bulk uploads need batching to stay snappy.
Free tier lacks W-2/Bank-statement endpoints; budget for the jump once you launch.

The Bottom Line

Veryfi does one thing amazingly well: extract financially relevant data without templates or tuning. At $0 for 100 docs, it pays for itself the first time you dodge a Friday-night receipt-sorting session.

Bigger picture: MCP-enabled APIs like Veryfi are turning AI agents into full-stack fintech coworkers—no more brittle RPA scripts. If your roadmap touches invoices, tax slips, or reimbursement flows, wire this in before you write another line of regex.

Build fast, stay compliant, and maybe play a quick round of that hidden game while the CI pipeline runs.