Yomio

Yomio is an AI-powered expense tracking tool that converts paper and digital receipts into structured, item-level financial data. Its primary purpose is to help individuals and small businesses gain accurate, real-time visibility into their spending by automatically extracting and categorizing every line item on a receipt. By turning unstructured receipt information into organized insights, Yomio reduces manual data entry and improves the quality of financial records.

Using OCR and machine learning, Yomio detects vendors, dates, taxes, and totals, then breaks down each purchase into specific categories such as groceries, utilities, or business expenses. Users can review and edit categorizations, search past receipts, and generate summaries to understand spending patterns over time. The tool supports multiple currencies and can handle both physical receipts (via smartphone camera) and emailed or uploaded receipts. Yomio’s item-level granularity provides more precise budgeting, enables accurate reimbursement and tax reporting, and reduces errors compared to traditional lump-sum expense trackers.