Managing receipts for work-related expenses can be a time-consuming and complicated process for individual employees. This has resulted in the emergence of a number of initiatives designed to simplify and digitalise the process in recent years.
One such initiative is Mynt’s business solutions. This particular journey began in a conference room in Stockholm when two colleagues, Baltsar Sahlin and Johan Obermayer, spent yet another Friday afternoon going through the week’s receipts that would then be entered into their company accounting system.
This prompted the idea to collaborate on the creation of a digital solution that was more flexible and more efficient.
“We saw opportunities in PSD 2 [the EU’s second banking services directive] and that many Swedish companies have already taken great strides to digitalise their accounting. From the outset, our ambition has been to solve problems that I experienced as an employee and from running a small business in the past,” says Sahlin, Mynt CEO.
It also marked the start of Mynt, and the arrival of Magnus Wideberg, who joined Sahlin and Obermayer to form Mynt’s founding trio. Early on, they understood that the key to making their service a success was ensuring that it worked seamlessly with customers’ banks and existing accounting services. By connecting their innovative solutions to various accounting systems, all users need to do is take photographs of their receipts to enter them correctly.