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Dext Expands AI Push as Canadian SMB Adoption Grows

December 17, 2025 by Fintech Newsdesk Leave a Comment

Dext, a global provider of bookkeeping automation software, says it added 170,000 gross clients worldwide over the past year, capping a period of rapid growth, heavy product development, and expanding adoption among small and mid-sized businesses.

The company now counts nearly 50,000 SMB customers in Canada, according to Dext, alongside a global user base that has seen more than 110 new feature releases in 2025 alone. Customer satisfaction reached 92 per cent, while feature adoption hit record levels across markets.

Among the most notable launches is Vault, an AI-powered document storage tool introduced in April that has already processed more than one million documents. In June, Dext also rolled out Extraction as a Service, allowing fintechs and software providers to embed Dext’s data extraction technology directly into their own products. The company says the service is now handling millions of documents with 99 per cent accuracy.

Dext is also preparing the beta release of AI AgentBeta, an intelligent assistant designed to learn users’ workflows and automate repetitive bookkeeping tasks. Canadian firms on the waitlist will begin entering the beta in January, with feedback intended to shape broader rollout.

Payments is the next major frontier. After a successful UK beta, Dext plans to launch PaymentsBeta in Canada in the first quarter of 2026, enabling end-to-end accounts payable directly within the platform.

“Dext is already a core part of how our firm operates,” said Fern Gordon, CEO of Toronto-based The Profit Line, pointing to reduced manual work and cleaner data.

The company’s expansion comes as many Canadian SMBs still rely heavily on manual financial processes. To support growing demand, fintech executive Joanne Modungo has been appointed to lead Dext’s North American growth.

Filed Under: News Tagged With: Dext

 
 

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