MENA retailers are moving fast toward cashless and data driven commerce. In this shift, digital receipts now play a critical role at checkout. Abu Dhabi based fintech Receiptable has secured a strategic growth funding round to scale its operations and expand across the region. The round was led by 21 Ventures, with participation from Oraseya Capital, AngelsDeck VC, and follow on investment from Salica Investments.
Funding to Support Regional Expansion
The new capital will help Receiptable accelerate growth across the UAE and wider Middle East. The company plans to expand both its team and its commercial footprint. It aims to work more closely with large retail groups and payments acquirers.
Key funding priorities include:
- Expanding product and engineering teams
- Strengthening integrations with payment acquirers
- Scaling deployments with major retailers
- Supporting rapid MENA market entry
Investors see digital receipts as a core layer in the modern payments stack.
Solving a Critical Gap at Checkout
Receiptable addresses a key gap in retail payments. Many merchants still rely on paper receipts. These receipts create friction, waste, and limited data insight. Receiptable replaces paper with frictionless digital delivery.
The platform enables:
- Instant digital receipts at checkout
- Rich customer engagement after purchase
- Targeted offers and loyalty activation
- Better analytics and transaction insights
Retailers across grocery, food, and fashion already use the platform. Receiptable estimates that paper receipts in the GCC exceed one million kilometres each year. Digital receipts help reduce this waste.
Why Investors Are Backing Receiptable
Jacob Isaev, General Partner at 21 Ventures, highlighted the structural importance of the product. He noted that as the GCC moves toward cashless commerce, digital receipt rails will become essential. Banks, merchants, and consumers will depend on them.
Receiptable fits this shift well. The team brings deep experience in payments and enterprise fintech. The platform integrates smoothly with existing point of sale systems. This lowers friction for merchants and speeds adoption.
Investor confidence rests on:
- Strong regulatory tailwinds
- Growing focus on data privacy
- Rising demand for better checkout experiences
Scaling Products and Partnerships
Founder and CEO Chris Purdie described the funding as a major milestone for 2026. Receiptable plans to launch with some of the region’s largest retailers and acquirers. The company will also expand its flagship OneTap Receipts product.
The next phase includes:
- Deeper retailer partnerships
- Omnichannel checkout support
- Faster rollout across new markets
The company will grow local teams to support customers on the ground.
Building the Future of Digital Receipts in MENA
Receiptable operates from Abu Dhabi, with offices in Dubai and Bahrain. The platform embeds directly into merchant systems and delivers receipts in real time. It helps businesses understand customers better and improve engagement.
This funding round positions Receiptable as a foundational fintech player. As digital payments grow, the role of digital receipts will only expand. Receiptable now moves forward with capital, partners, and momentum across MENA.