In just three years since its creation in 2021, the Spanish startup Dost has made a significant leap in the field of financial automation, managing to increase its revenue by five times in 2024 compared to the previous year. The company, which has already raised a total of 2.1 million euros in funding, received a notable boost this summer with a round of 1.5 million euros led by the investment firm Angels, along with Born Capital and other strategic investors.
Dost has developed AI-based software that facilitates the automation and digitization of key processes within financial departments. This innovation is designed to benefit sectors such as manufacturing, construction, automotive, and logistics, allowing companies to reduce their administrative costs by up to 80%. Additionally, the technology it offers eliminates human errors and provides seamless integration with ERP systems, redefining the financial management of organizations.
Adam Barbera, CEO and co-founder of Dost, highlights that the company’s focus has been on transforming financial management through intelligent automation. The growth of the team, which now exceeds 30 employees, has been vital to accelerating the advancement of their technology, led by Naqqash Abassi, co-founder and expert in generative models applied to document processing.
With over 100 large clients in Spain, Dost is beginning its internationalization process towards key European markets. Its technology has enabled the processing of over 2 million accounting transactions, demonstrating the improvement in efficiency and scalability of organizations using its platform. Abassi emphasizes that they are just beginning to explore what they can achieve, and they have set projections for 2025 where they plan to triple their revenue again, seeking to consolidate their position in the sector.
Founded by three entrepreneurs with experience in financial innovation, Dost positions itself as the leader in Spain in financial and accounting management of suppliers through artificial intelligence. Its generative model, specifically designed for automated document processing, has transformed accounts payable management practices, offering companies a comprehensive view of all relevant information.
With a strong dedication to innovation and a highly qualified team, Dost is establishing itself as a reference in creating a future where financial management is more efficient, accurate, and scalable.
via: MiMub in Spanish
