Receiptable has secured pre-seed funding from HP Spring Studios to develop its digital receipts platform and enhance the fintech ecosystem in Bahrain.

Target Information

Receiptable is an innovative fintech company based in Manama, Bahrain, that aims to close the information gap between banks and retailers by leveraging digital receipts. The firm has recently secured its first institutional investor through a pre-seed funding round and is set to utilize these resources to recruit skilled professionals, develop its platform, and launch its services with its inaugural partner bank in Bahrain. This strategic approach reflects the country's robust economic environment, which supports the growth of fintech solutions.

By focusing on simplifying the process of generating and managing digital receipts, Receiptable delivers a seamless service that allows consumers to access their digital receipts directly through their banking applications. This approach not only enhances the customer experience but also unlocks critical line-level spending data, furnishing banks and retailers with valuable insights that can drive business growth.

Industry Overview

Bahrain is emerging as a dynamic hub for fintech development in the region, driven by a supportive regulatory framework and a commitment to innovation. The government has actively promoted the establishmen