UAE-based fintech startup Receiptable has announced the successful closure of its Seed funding round. The investment will fuel the company’s mission to redefine the post-purchase experience by transforming traditional paper receipts into a dynamic channel for customer engagement and data analytics for retailers and financial institutions.
The Funding Round
The investment round was led by 21 Ventures, with participation from Oraseya Capital and AngelsDeck VC. The round also saw a follow-on investment from existing backer Salica Investments, signaling strong continued confidence in Receiptable’s business model and its potential to digitize the retail sector’s checkout process across the region.
Redefining The Checkout Experience
Receiptable offers a turnkey digital receipt platform that integrates directly with existing point-of-sale (POS) systems. This allows merchants across various sectors, including grocery, food and beverage, and fashion, to replace paper slips with real-time digital versions.
Beyond the significant environmental impact—eliminating a portion of the over one million kilometers of paper receipts produced annually in the GCC—the platform unlocks new value. It enables retailers to deliver targeted offers, gain deeper customer insights, and access cleaner analytics without overhauling their existing technology infrastructure.
Strategic Expansion Plans
According to the company, the new capital will be strategically deployed to accelerate growth. Key priorities include expanding its presence within the UAE, entering new markets across the Middle East, and scaling its product and engineering teams. The funding will also support the continued development of its technology platform and the wider rollout of its flagship OneTap Receipts product.
Investor Confidence
Jacob Isaev, General Partner at 21 Ventures, highlighted the strategic importance of the solution. “Receiptable is tackling a structurally important gap in the payments stack. As the GCC accelerates toward cashless commerce and tighter data-privacy regimes, we predict acquirer level digital receipt rails will become fundamental to how merchants, banks, and consumers interact at checkout.”
He added, “Chris and the team, with their deep operational experience across payments and enterprise fintech, are best positioned to capitalise on this opportunity.”
About Receiptable
Receiptable is a fintech company headquartered in Abu Dhabi that empowers retailers and financial institutions to drive higher customer engagement through frictionless digital receipts. Its platform transforms the standard receipt from a simple proof of purchase into a valuable tool for data analytics, personalized marketing, and an enhanced, eco-friendly customer experience.
Source: Jawlah
