Rapid market adoption leads to a 156% year-over-year increase in revenue
San Diego, CA, May 10, 2023 – MoneyThumb.com, a leading provider of financial software solutions, announced today that it has experienced significant growth in the first quarter of 2023, reporting an increase of 156% in revenue compared to the same period last year. This impressive growth can be attributed to the rising demand for two of its lender-focused products, PDF Insights and Thumbprint, MoneyThumb’s bank statement analysis, and fraud detection tools.
To keep up with demand, the company has ramped up its recruitment efforts, doubling its headcount in 2023 in the areas of software development, product development, customer service, and sales.
"We are thrilled to see such great demand for our products and are excited to be expanding our talented team at MoneyThumb.com," said the company's Founder and President, Ralph Mayer. "As our PDF Insights document analysis and Thumbprint fraud detection products have become indispensable tools for our clients' underwriting and risk mitigation process, we look forward to further innovating and improving our products to better serve our clients."
For information about MoneyThumb’s products and services, visit https://www.moneythumb.com.
About MoneyThumb
MoneyThumb was launched in 2015 out of founder Ralph Mayer's passion for improving workflows for accountants and bookkeepers who need to convert PDF documents into Excel, QuickBooks, and other formats. In 2017, MoneyThumb's flagship file converter, PD2QBO was featured in the QuickBooks app store. That same year, MoneyThumb launched its innovative AI-powered PDF Insights product to help merchant cash advance providers, small business lenders, mortgage companies, and banks automatically convert financial documents like bank statements and tax documents into intelligent data used to deliver credit decisions more quickly and accurately. In 2020, MoneyThumb expanded its lender product offering with the launch of Thumbprint, an advanced AI file tampering detection tool that identifies fraudulent activity, giving lenders a powerful defense against risk and loan losses.
MoneyThumb is located in Encinitas, California, and serves customers globally. For more information, email info@moneythumb.com.
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