Small businesses account for a huge proportion of the enterprises working within Europe, and they all face a common dilemma that they may not have the time for: paperwork. Zeitgold was founded to create a paperless alternative bookkeeping tool that can automate the process — and the solution’s strength is in its simplicity.
“Now we have made a breakthrough in the development of our AI,” said Stefan Jeschonnek, CEO of the company, as reported by EU-Startups.com. “We are set to provide entrepreneurs with an Artificial Intelligence that can support them in their core business decisions.”
The company will send customers a physical box for them to place any paperwork into and send back, once a week. Zeitgold will then scan these documents and create an archive for each customer and a database for each company. It is completely compliant with tax regulations. The service also comes with an app that tells customers whenever they need to do something.
Stefan has a history of working on AI projects. He previously founded the mobile payments company SumUp and was a founding partner of Discovery Ventures. Stefan holds an MBA from Stanford University.