Receiptable Secures Funding to Digitise UAE Receipts, Targeting Paperless Checkout Experience

Mohammed Fathy

Last updated 29-01-2026

3 min

Receiptable raised fresh funding led by 21 Ventures to expand across the UAE and region.

Its platform swaps paper receipts for real-time digital versions inside existing tills.

The company targets “a structurally important gap” as the GCC shifts to cashless payments.

New funds will grow teams, scale OneTap Receipts and deepen ties with major retailers.

Backers see digital receipts cutting waste and unlocking better data at checkout.

Receiptable has closed a fresh strategic funding round, led by 21 Ventures, as it gears up for a bigger push across the UAE and the wider Middle East. The round also drew in Oraseya Capital and AngelsDeck VC, alongside follow-on backing from Salica Investments, which has been in the story for a while now.

The Abu Dhabi-headquartered fintech is tackling something most of us barely think about at the checkout: receipts. Or rather, the mountain of paper they generate. Its digital receipts platform plugs directly into existing point-of-sale systems, letting retailers replace those fading slips with real-time digital versions that can actually do something useful. Think targeted offers, better customer insights and cleaner analytics, all without turning checkout into a bit of a faff. Not to mention the environmental angle: more than one million kilometres of paper receipts are produced each year in the GCC alone. That figure stops you in your tracks, well… I mean, it certainly did for me.

The new capital is set to be spent on growing Receiptable’s product and engineering teams, while speeding up commercial expansion with large retail groups and payments acquirers across the region. From grocery and food outlets to fashion chains, the company is aiming squarely at merchants who want a slicker, data-smart checkout experience without ripping out their existing tech.

Jacob Isaev, general partner at 21 Ventures, said the firm sees Receiptable filling what he described as a “structurally important gap” in the payments stack. As the GCC moves faster towards cashless commerce and tighter data privacy rules, he added, digital receipt infrastructure at the acquirer level is likely to become fundamental to how merchants, banks and consumers interact at the till. In his view, the company’s team, with deep operational experience in payments and enterprise fintech, is well placed to make the most of that shift.

Founder and chief executive Chris Purdie struck a similarly confident note, saying the investment sets the tone for an ambitious 2026. He pointed to launches with some of the region’s biggest retail groups and payments acquirers, alongside plans to scale local teams and roll out the firm’s flagship OneTap Receipts product more widely.

At Arageek, stories like this always feel close to home. I remember chatting with founders years ago who were desperate to get even basic data out of offline transactions, and frankly hitting a wall. Solutions like Receiptable feel spot on for where the market is now. On the flip side, I reckon execution will be everything here, because retailers are famously hard to shift once they’ve settled into their ways. Still, with offices in Abu Dhabi, Dubai and Bahrain, and fresh backing from a mix of regional and international investors, Receiptable seems well positioned to have a proper go — and maybe, just maybe, finally kill off those paper slips we all stuff into our pockets and never look at again, definately.

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