ReceiptHero announced new funding this week, thanks to investors including SeedX VC, LifeLine VC, and SuperHero VC, as well as angel investors. The exact amount of the investment was not disclosed. Previous to this new funding round, ReceiptHero had raised over $6.2 million (€5.7 million) in total capital. The Finland-based company made its Finovate debut at FinovateEurope 2020 in Berlin, Germany.
According to ReceiptHero, the funding will help accelerate the company’s mission to eliminate paper receipts and unlock greater value from real-time receipt data delivery. The company aims to expand its services to over a million payment terminals in Europe and the U.K., with plans for retail pilots in the U.S. within the next 18 months.
ReceiptHero CEO Saku Pihlajaniemi expressed his excitement about the progress made by the company over the years. “When we founded ReceiptHero over five years ago, we had to spend a lot of time educating the market on what a digital receipt is. Today, many merchants are eager to integrate our service and have a solid strategy for deploying digital receipts across their stores.”
At FinovateEurope 2020, ReceiptHero showcased its API platform that enables the creation and distribution of receipts through various channels. Business customers benefit from seamless integration between digital receipts and their accounting software, while individual customers enjoy enriched transaction lists and improved budgeting tools in their mobile banking apps.
2024 has been a year of significant partnerships for ReceiptHero. The company started the year by integrating with Shopify, extending digital receipts to the e-commerce platform. In subsequent months, ReceiptHero formed partnerships with Finnish retailers, ceramics and textiles brands, cashless payment solutions providers, and hospitality industry players.
For more insights, watch our Finovate Global interview with ReceiptHero Chief Operating Officer Scott Moore.
Photo by Markus Winkler
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Conclusion:
Exciting times lie ahead for ReceiptHero as the company secures new funding to propel its mission of revolutionizing the receipt industry. With a strong lineup of investors and strategic partnerships under its belt, ReceiptHero is well-positioned to drive innovation and bring about a paperless future in transactions. Stay tuned for more updates from this pioneering fintech company!
