eReceipts provides an electronic solution to the problem of managing, storing and retrieving receipts for proof of purchase and business expense purposes.
Digital receipts are created and collected primarily from retailers’ EPOS (electronic point of sale) systems, payment gateways and individuals’ mobile devices. These receipts are seamlessly sent and stored in an individual’s web account that can be accessed via a login and password.
eReceipts has recently partnered with IBM Retail, a market leader in the UK EPOS hardware and software space. The eReceipts Board is chaired by Lord Ian MacLaurin, former Chief Executive of Tesco and former Chairman of Tesco and Vodafone.
Oliver Woolley, Founder Director of Envestors, said: “We believe eReceipts is capable of becoming a leading UK company, championing its innovative solution to help businesses and individuals manage their receipts.”
Andrew Carroll, CEO eReceipts, added: “We are delighted to have closed this funding round so we can now focus upon building the business.”