A company “Earth Class Mail” that digitizes our physical mail so we don’t direct to go to the mailbox every day, has declared today that it has achieve Shoe boxed for receipt scanning and expense tracking service .
Why Earth Class Mail would be interested in Shoe-boxed is quite obvious, that given both companies target on taking the pain out of dealing with paper.Though we’ll seems to see some deep amalgamation between the two over time, but Both services will continue to operate as usual.
Shoe-boxed, which was launch 11 years ago, digitizes currently for its more than 1 million customers in 90 countries over five million documents per year. Its main market in the U.S. is small businesses , which make up 500,000 of its users.
“In 2008 When we started and put the first iPhone app in the app store to scan receipts, there was one other powerhouse around helping small business go digital — that was Earth Class Mail,” the company’s CEO and co-founder Tobias Walter tells us. “The combined power of our two companies will become a big shift for small occupation to finally become paperless and say goodbye to the old assignment that cost them hours of their productivity. I could not be happier with the new home we found for the team our customers and for the company, !”
What place Earth Class Mail apart from the United States Postal Service’s briefed Delivery service is that it not only scans the outside of the envelopes that you are about to receive but also about that you can also give the company acceptance to scan all the documents inside, too (and the price for the service you pay will mostly depend on how many of these full scans per month you want ). While in 2015 Oregon-based Earth Class Mail had to file for bankruptcy protection ,its new leadership team turned the company around. The company says that it’s annual run rate is now $10 million, up 20 percent since Jess Garza become its new CEO from last December.
Walter also mention that users would occasionally send closed envelopes, too, but had no right to open them. These customers can easily now become Earth Class Mail users.
Over the course of its presence, Shoeboxed only raised a balance amount of funding, with a $580,000 Series A round led by Novak Biddle Venture Partners in 2008 (when Series A rounds were still much smaller than today) and a $1.4 million Series B round in 2011. The today’s financial details of achievement were not confess.
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