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Xero acquires Hubdoc

Xero has acquired Hubdoc, a data capture solution that helps accountants, bookkeepers, and small businesses streamline financial document collection, data entry and other administrative tasks.


Hubdoc can already autofetch financial documents from 700 utilities, telecom providers, trade suppliers, banks and online vendors, extract key financial data and source documentation and seamlessly sync the data into Xero. Xero’s acquisition will enable even deeper integration.

Gary Turner, Xero UK Co-Founder & Managing Director, said: “With HMRC’s new Making Tax Digital rules coming into effect from April 2019, affecting more than a million UK SMBs, this acquisition will accelerate our ability to streamline the collection and classification of data so that our customers can digitalise even more of their compliance processes and access the services and guidance they need from their advisors.”

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