The bookkeeping service provider increased its total funding to almost $59m with a Stripe-backed round that will support product development.

US-based accounting software developer Pilot has secured $40m in a series B round that included payment technology producer Stripe.

Venture capital firm Index Ventures led the round, which also featured unnamed existing investors, boosting the company’s overall funding to $59m.

Founded in 2016, Pilot has built a bookkeeping service that combines accounting software and human expertise from account managers employed by the company to categorise financial transactions and automate the bookkeeping process for startups and other small businesses.

The round…