Singapore-based Pi-xcels, a technology company that specialises in digital receipt issuance, has secured $2.7 million in funding in a seed round led by Headline, with continued participation from existing backers such as Wavemaker Partners, Hustle Fund, and various angel investors.
Read also – Gentari and Mastercard Announce Collaboration to Catalyse EV Adoption
With the new capital, Pi-xcels will deepen its presence in Europe, Japan, and Southeast Asia while entering the US market. The funds will also enable the new cooperation and the further development of a newly created, patent-owned NFC technique.
Read also – MISC and Gentari forge Strategic Partnership to Advance Ammonia Shipping and Floating Solutions
This funding comes on the heels of Pi-xcel’s successful seed round, where the company raised $1.7m. Since then, Pi-xcels has recorded achievements, which include affiliating with world partners and affiliating key world payment giants such as Ingenico, Pax, Newland, and Castles, among others. The company also began to diversify its operations to markets such as Japan, Southeast Asia, and Europe.
Akio Tanaka, Founding Partner at Headline Asia, shared, “Pi-xcels is pioneering a global shift in retail tech, transforming what was once a primary transaction into a meaningful touchpoint. With a proven track record across Asia and sights set on Europe and the U.S., Pi-xcels has built a flexible model for rapid international expansion—an ideal match for Headline Asia’s mission to support scalable solutions that address real-world challenges on a global stage.“
Jackson Loo, Principal at Headline Asia added, “By being the software layer on top of payment terminals, Pi-xcels is set up for global distribution from day 1. E-receipts are just the tip of the iceberg.”
About Pi-xcels
Founded in 2019, Pi-xcels provides eco-friendly imaging solutions for receipts for retailers, corporates or any establishment that uses receipts. Many people agree that digital receipts are the solution to environmental problems in the future. With the use of just one touch from a smartphone we can transform all card-present transactions into meaningful engagements for businesses through our patented technology.
With Pi-xcels, retailers and consumers get a unified user experience across all interfaces. Because Pi-xcels focuses on a major market need, it seeks to extend its value proposition to organizations to improve their process efficiency and output value, while minimizing loss and creating a leaner economy in the process.
