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Bank Statement PDF Converter

For: Accountants, bookkeepers, small business owners, lenders

Buildability

The Problem

Converting PDF bank statements from thousands of different banks into clean Excel format is time-consuming manual work that happens millions of times per month

The Solution

AI-powered service that instantly converts any bank PDF statement into standardized Excel format, handling edge cases across thousands of bank formats

Why Now?

AI can now reliably parse complex PDF layouts and extract structured data, while demand for automated bookkeeping grows

Build MVP in 7 Days

Day 1

Build basic PDF-to-Excel converter using Claude API

Day 2

Create simple upload/download web interface

Day 3

Test with 5 different bank statement formats

Day 4

Set up Stripe for payments

Day 5

Create landing page with before/after examples

How to Validate

Post in accounting Facebook groups asking about PDF conversion pain

Create free tool for 3 major banks, track usage

Cold email 50 bookkeeping services asking about pain points

Search Reddit for 'bank statement Excel' complaints

Revenue Model

Freemium: 5 conversions/month free, $29/month unlimited, $99/month API access, $500/month white-label for accounting firms

Competitive Moat

Database of thousands of bank PDF formats and their parsing rules, accumulated through customer usage

Risks to Consider

Bank APIs might make PDFs obsoleteLarge accounting software companies could build this featurePrivacy/security concerns with financial dataAI accuracy issues with unusual statement formats