Oslo-based fintech startup Receipts, which focuses on creating connections between banks and merchants for digital receipts, has successfully raised €1.7 million in a funding round led by the venture arm of Den Norske Bank, with participation from Obos, Såkorn 1 Midt, and Antler.
The company offers a comprehensive API suite that connects banks with cashier systems, enabling digital receipts to be pulled from stores and shared with banks, accounting platforms, and insurance companies, contingent on customer consent. Additionally, it supports loyalty programs, allowing shoppers to identify themselves in-store using ‘tap to identify’ technology through their payment cards.
With this new funding, DNB Ventures has become the largest shareholder in Receipts, alongside the company’s founders. Anders Østensvig, investment manager at DNB Ventures, commented, “Through active ownership, DNB Ventures will facilitate mutual learning and insight between DNB and the portfolio companies, while also contributing to their development. We recognized early on the strong alignment between Receipts and our venture business, which presents a significant opportunity for knowledge exchange and collaboration, allowing DNB to provide more than just capital.”