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Bahraini fintech startup Receiptable announced a successful funding round led by HP Spring Studios. This strategic investment marks a milestone for Receiptable as it secures its first institutional investor, signaling confidence in the startup’s innovative approach to bridging the data gap between banks and retailers.

Receiptable’s core mission revolves around simplifying the digital receipt process, effectively connecting banks and retailers through its platform. By harnessing the power of digital receipts, Receiptable aims to enhance customer experience while providing valuable insights for businesses and financial institutions alike.

Zainab Khamis, Head of HP Spring Studios Bahrain, highlighted the significance of the investment, emphasizing Receiptable’s potential to add substantial value to Bahrain’s fintech ecosystem.

Chris Purdie, CEO of Receiptable, expressed excitement about the funding, emphasizing its transformative impact on the fintech firm’s growth trajectory. The investment not only provides Receiptable with a financial boost but also opens doors to new opportunities for regional expansion and collaboration with banking and fintech experts.