Magnet is a pioneering platform transforming how SMEs manage their digital tool subscriptions. As businesses increasingly rely on SaaS tools, keeping track of costs, renewals, and unused licenses has become a major challenge. With the global SaaS market projected to reach nearly $1 trillion by 2030, the need for efficient subscription management has never been greater. At Magnet, we believe businesses should focus on growth, not admin tasks. Our mission is to empower SMEs by automating the complex and tedious process of managing software subscriptions, so they can allocate more resources to innovation and what truly matters. Our platform streamlines the entire process by collecting and connecting all necessary data for a fully automated, real-time dashboard of subscriptions. Magnet reads, understands, and categorizes invoices received via email, identifies related bank transactions, and matches them for complete accuracy. Real-time insights and smart notifications ensure businesses only pay for what they truly need, highlighting savings opportunities, renewal deadlines, and changes to their stack. Backed by Antler and EIFO, Magnet is redefining subscription management with automation, transparency, and ease of use.