- ReceiptHero announced new funding this week, courtesy of investors including SeedX VC, LifeLine VC, and SuperHero VC, as well as angel investors.
- The amount of the investment was not disclosed.
- ReceiptHero made its Finovate debut at FinovateEurope 2020 in Berlin, Germany.
Finland-based ReceiptHero has secured new funding, the company reported this week. Participating in the round were SuperHero VC, SeedX VC, LifeLine VC, as well as angel investors and team members. The amount of the investment was not disclosed; prior to this week’s announcement, the company had raised more than $6.2 million (€5.7 million) in total capital.
ReceiptHero said that the funding will accelerate the company’s goal of eliminating paper receipts and creating greater value in the data that is available from real-time receipt delivery. To this end, ReceiptHero has stated that its goal is to serve more than a million payment terminals in Europe and the U.K., with the first retail pilots in the U.S. to launch within the next year and a half.
“When we founded ReceiptHero over five years ago, we had to spend a lot of time heavily educating the market on what a digital receipt is,” ReceiptHero CEO Saku Pihlajaniemi said. “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.”
Receipt Hero made its Finovate debut at FinovateEurope 2020 in Berlin, Germany. At the conference, the company showed how its API platform enables receipts to be created and distributed via a variety of channels. Business customers benefit from the compatibility between digital receipts and their accounting software. Individual customers get not only an enriched transaction list in their mobile banking app, but also the ability to have that transaction data used to enhance their app’s budgeting and spending tools.
This year has been a big partnership year for the Helsinki-based firm. The company began 2024 by integrating with Shopify, bringing digital receipts to the e-commerce platform. In March, ReceiptHero announced partnerships with Finnish retailer HalpaHalli, ceramics and textiles brand Pentik, and cashless payment solutions company CoreGo. More recently, the company teamed up with cash register and payment terminal solution Solmio-kassa, and TuloPOS, a point of sale and ordering system for the hospitality industry.
For more, check out our Finovate Global interview with ReceiptHero Chief Operating Officer Scott Moore.
Photo by Markus Winkler
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