Wednesday, July 24, 2024
HomeFunding Bahrain-based Receiptable Raises pre-Seed round Funding

[Funding Alert] Bahrain-based Receiptable Raises pre-Seed round Funding

Receiptable, a fintech company that creatively closes the data gap between banks and shops using digital receipts, is pleased to announce the addition of its first institutional investor.

The venture fund HP Spring Studios, which is supported by the international investment firm Hambro Perks and the Al Waha Fund of Funds, is leading the round. It intends to use the money to expand its platform, hire skilled personnel, and begin operations with its first partner bank in Bahrain, which reflects the robust economic climate of the nation.

Read also – Egypt-based Pharmacy Marts Raises Six-figure Bridge Round Funding

Receiptable offers a smooth method of providing digital receipts straight to clients’ bank apps by emphasizing simplicity and innovation.

Receiptable makes it possible for banks and merchants to access line-level spend data, which improves customer service and provides useful business insights.

Read also – NeuReality Secures $20M in Funding

“Our investment in Receiptable is not only exciting due to its innovative approach that is bridging the relationship between banks and retailers through digital receipts, but also because it aligns with our vision of adding substantial value to Bahrain’s fintech ecosystem.

We are enthusiastic about the potential of the platform for unlocking valuable data and paving the way for enhanced service personalization. As the demand for digital solutions accelerates, Receiptable is perfectly positioned for significant growth and success within the dynamic fintech industry.” Said Zainab Khamis, the Head of HP Spring Studios, Bahrain.

“With the support from HP Spring Studios, Receiptable is poised to enhance the post-purchase retail experience, make our existing banking apps a daily touchpoint, and significantly reduce the billion paper receipts produced annually in Bahrain.

This investment is not just a financial boost; it’s a potent catalyst for tech innovation and talent cultivation, right here in our Bahrain base. It also presents a great opportunity for us to utilise HP Spring Studio’s regional network and access to banking and fintech experts.” Said Chris Purdie, CEO of Receiptable.

About Receiptable

The goal of Receiptable is to simplify digital receipts to the same level as contactless payment. Customers can receive digital receipts on their mobile device instantaneously thanks to its integration with payment networks and businesses. Completely hassle-free checkout experience. Not a single tree was felled. an enhanced customer-retailer interaction through a streamlined checkout process.

- Advertisement -
- Advertisment -

Most Popular