TLDR:
HP Spring Studios leads pre-seed round for digital receipt pioneer Receiptable
Receiptable, a FinTech firm, secured its first institutional investment in a pre-seed funding round led by HP Spring Studios. The funding will be used for recruiting new talent, platform development, and launching partnerships with banks. Receiptable’s innovative approach with digital receipts aims to improve customer experiences and provide valuable insights for banks and retailers. The investment is seen as a catalyst for tech innovation and talent cultivation in the Bahrain FinTech ecosystem.
Full Article:
Receiptable, a pioneering FinTech firm, has successfully secured its first institutional investment in a pre-seed funding round led by HP Spring Studios. The pre-seed round was spearheaded by HP Spring Studios, a venture fund supported by the Al Waha Fund of Funds and the international investment firm Hambro Perks. This investment marks the beginning of an ambitious plan for Receiptable, including recruiting new talent, developing its digital platform, and launching its first partnership with a bank in Bahrain.
At its core, Receiptable is revolutionizing the management and utilization of digital receipts. The company’s innovative approach provides a direct method for delivering digital receipts into customers’ bank applications, unlocking detailed spend data for banks and retailers. This technology aims to enhance customer experiences and offer businesses valuable insights, pushing the boundaries of what’s possible in the FinTech sector.
Zainab Khamis, the Head of HP Spring Studios in Bahrain, expressed excitement about the investment, stating that Receiptable’s platform aligns with their vision of adding value to Bahrain’s FinTech ecosystem. Chris Purdie, CEO of Receiptable, mentioned that with HP Spring Studios’ support, Receiptable aims to enhance post-purchase retail experience, reduce paper receipts, and leverage the regional network for growth.
Overall, the investment from HP Spring Studios is seen as not just a financial boost, but also a potent catalyst for tech innovation and talent cultivation in Bahrain’s FinTech sector. The collaboration between Receiptable and HP Spring Studios signifies a significant step towards revolutionizing the management of digital receipts and unlocking valuable data for banks and retailers.
