Bahrain - Sharikat Mubasher: Bahraini fintech company Receiptable successfully closed a pre-seed funding round led by HP Spring Studios to enhance the post-purchase retail experience.

In a statement, the company revealed it will dedicate the proceeds to recruit talent, build its platform, and launch with its first partner bank in Bahrain.

Receiptable provides a seamless solution for delivering digital receipts directly to customers' bank applications, enabling enhanced customer experiences and unlocking valuable insights for businesses.

Chris Purdie, CEO of Receiptable, said: "With the support from HP Spring Studios, Receiptable is poised to enhance the post-purchase retail experience, make our existing banking apps a daily touchpoint, and significantly reduce the billion paper receipts produced annually in Bahrain."

He added that the investment will contribute to catalyzing tech innovation and talent cultivation in Bahrain.

Meanwhile, Zainab Khamis, Head of HP Spring Studios Bahrain, commented: "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.”