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Receiptable Secures Pre-Seed Round from HP Spring Studios

Receiptable, a Bahrain-based finance startup, has secured an undisclosed sum in a pre-Seed round headed by HP Spring Studios, a venture fund funded by both the Al Waha Fund of Funds and Hambro Perks.
Receiptable, founded in 2022 by Chris Purdie, provides digital receipts to consumers via mobile phones, bridging the data gap between banks and retailers. The funding will be used to acquire talent, grow the platform, and launch with its first partner bank in Bahrain.
Receiptable, a fintech company that innovatively bridges the data gap between banks and shops via digital receipts, has announced its first institutional investor as part of a larger pre-seed fundraising round.

The financing is being headed by HP Spring Studios, a startup fund funded by the Al Waha Fund of Funds and the global investment firm Hambro Perks. Receiptable intends to use the capital to hire people, expand its platform, and debut with its first partner bank in Bahrain, reflecting the country’s thriving economy.
Receiptable is transforming how digital receipts are handled. Receiptable, which focuses on simplicity and innovation, offers a seamless solution for delivering digital receipts directly to clients’ bank apps. Receiptable improves consumer experiences and provides businesses with important insights by unlocking line-level spend data for banks and merchants.

Zainab Khamis, the Head of HP Spring Studios, Bahrain, overwhelmingly said, “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.”

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