How they describe themselves: ReceiptHero delivers digital receipts automatically from merchants to your banking and accounting applications. For Banks and PSPs we are the most advanced PCI DSS compliant partner for digital receipts.
With our API platform we can finally banish the paper receipt.
How they describe their product/innovation: We are building a digital ecosystem for receipts to be created and distributed into multiple channels. For business customers, they want to seamlessly see their receipts land within their accounting software. This reduces risk to losing the paper copy and improves the UX by not having to scan the receipt using an app. For personal customers, they want to see a better enriched transaction list in their mobile banking app. They also want to see this data being used in budgeting features to provide more accurate spend insights. The data sent via our API includes the same information seen on a paper receipt, the tax levels, the company info, and the product level data.
Product distribution strategy: Direct to Business (B2B), through financial institutions