Startup Profile

• Founded: 2024

• Core Solution: Receiptable unlocks the value of digital receipts for financial institutions and retailers throughout the MENA region. Its proprietary platform seamlessly embeds into merchants’ existing point-of-sale or acquirer technology to deliver receipts in real-time and turn them into a high engagement digital touchpoint.

• Markets Served: MENA Region

• Funding Rounds: 

  • Angel Round: Led by Salica Spring Studios backed by Al Waha Fund of Funds & Salica Investments, and regional angel investors

  • Pre-Seed Round: Led by 21 Ventures alongside Oraseya Capital and Salica Spring Studios

• Growth Outlook: Receiptable’s plans include expanding distribution via merchant acquirers and regional retail group integrations.

What does Receiptable do?

Receiptable is a fintech that empowers retailers and financial institutions to drive higher customer engagement through frictionless digital receipts. The platform provides merchants across the MENA region, from grocery and F&B to fashion, with a turnkey receipt solution that drives loyalty sign-ups, real-time personalized offers and improved analytics, while helping to eliminate over one million kilometres of paper receipts produced in the GCC each year.

How was Receiptable built?

Receiptable was established to solve a stubborn gap at the end of the consumer payment journey. Payments evolve at light speed, but the proof of purchase is often stuck in the past; a piece of paper that’s easy to lose and hard to organise. That creates friction for everyday use cases such as returns, warranty claims, expense reporting, and business reconciliation. And for major retailers, the receipt is the end of the customer relationship.

Receiptable’s platform enables major retailers to instantly issue a digital receipt without the friction of new apps or email addresses – turning it into a high engagement digital communication channel.

This meant prioritizing integrations with payments acquirers and point-of-sale systems, building a high-volume platform able to deliver receipts in real-time, as well as putting in place the privacy, data-handling, and operational controls needed to securely handle receipt data from merchants and payment acquirers.

How did Receiptable grow?

Receiptable’s progress can be seen across three areas: early funding to enable execution, expansion of distribution through payment-channel partnerships, and the establishment of operations beyond a single market.

Early progress was driven by funding that supported initial execution. In March 2024, Receiptable announced their first institutional funding from Salica Spring Studios, backed by Salica Investments and Al Waha Fund of Funds. The capital enabled founder Chris Purdie to build the platform, hire early talent, and prepare for an initial launch with partner financial institutions.

Distribution then widened through partnerships embedded in payment channels closer to checkout. In February 2025, Receiptable partnered with EazyPay, extending distribution into the acquiring layer that already serves merchants at scale. This was followed in June 2025 by a collaboration with Invo Technologies, enabling a POS-led rollout that could reach more than 3,000 merchants in Bahrain across restaurants, supermarkets, and convenience stores, while also referencing broader merchant reach across MENA.

Operational expansion formed the third pillar of progress. Alongside commercial partnerships, Receiptable established an operating presence beyond Bahrain through incorporation in Abu Dhabi Global Market, followed by an office and team on the ground in Dubai. This structure supports regional business development and engagement with major retail groups and financial institutions across multiple markets.

How did the ecosystem enable Receiptable’s progress?

Receiptable’s model is built for regulated rails, making the ecosystem not background context but the delivery mechanism itself. Starting in Bahrain provided a compact market where key institutions—banks, payment providers, and retailers—are accessible enough to move from concept to pilot without extended cycles. Bahrain’s strong fintech ecosystem further supports integration-heavy products that depend on early institutional partnerships, making partner-led distribution the most efficient path to adoption and enabling scale through established players such as EazyPay rather than direct merchant onboarding. And as Founder Chris Purdie puts it, “Bahrain was the perfect strategic launchpad in the region allowing us to quickly secure our first partnerships and fine-tune our product. We've hired some exceptional talent here and see it as a long-term base for our product and engineering teams.”

In a Nutshell

Receiptable’s approach focused on choosing distribution channels where digital receipts naturally belong. Instead of relying on consumer downloads or sharing emails and phone numbers, the platform was built to integrate with merchant acquirers and POS systems where receipts are generated and transactions are already trusted. This allowed digital receipts to be embedded into existing payment flows rather than introduced as a separate consumer habit. With this model now extending beyond its initial market, the platform is well positioned to support broader regional adoption over time.