ReceiptHero, a pioneering company in the digital receipts sector, has successfully secured new funding to accelerate its innovative technology.
Spearheaded by angel investor Asko Schrey and supported by SuperHero VC, SeedX VC, LifeLine VC, along with other angel investors and team members, this financial boost marks a significant milestone in the company’s expansion strategy.
The fresh capital injection is poised to propel ReceiptHero’s mission forward, focusing on the elimination of paper receipts. This move not only promotes environmental sustainability but also enhances data utility through real-time receipt delivery. The company has set ambitious goals to integrate its technology across over a million payment terminals in Europe and the UK, with initial pilot programs launching in the US within the next 18 months.
At its core, ReceiptHero revolutionizes the way merchants and consumers interact with transactional data. The shift towards digital receipts offers multiple benefits: a reduction in carbon footprint, cost savings in managing paper-based systems, and a streamlined process for data analytics and GDPR compliance. Moreover, it fosters customer loyalty through personalized offers and ensures high-security standards by storing payment details in a secure, PCI-compliant environment.
In addition to technological advancements, ReceiptHero is enhancing its ecosystem through strengthened partnerships with significant players like Worldline and Payone. These collaborations are crucial as they facilitate the broader adoption of ReceiptHero’s solutions in the market.
The backdrop of this development is also influenced by regulatory changes across Europe, which favor digital solutions. Countries like Finland, Sweden, and France are moving towards digital receipt solutions due to legislative changes and environmental considerations.
Saku Pihlajaniemi, CEO of ReceiptHero, shared his insights on the journey so far: “When we founded ReceiptHero over 5 years ago we had to spend a lot of time heavily educating the market on what a digital receipt is. Fast forward to today we see a large amount of merchants inquiring about our service and they have a clear strategy on how they want to deploy digital receipts across their stores.”
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