Receipts

Receipts AS, an Oslo-based B2B fintech company, was co-founded in 2021 by Hans Petter Hoel and Kent Olav Ferstad. The company was officially registered in September 2022. Hans Petter Hoel, with a background as an entrepreneur, serves as the Head of Merchants. The company aims to eliminate the need for paper receipts by providing a digital alternative.

Receipts operates by offering a single set of APIs that create a link between cashier systems and financial institutions. This infrastructure allows for the seamless delivery of digital receipts directly to consumers' banking applications. The company's primary clients are banks and merchants. The business model includes a revenue-sharing component on digital receipts and card recognition as a service, creating a new revenue stream for participating businesses. For merchants, the service offers a way to reduce costs associated with paper receipts and gain better insights into consumer behavior. For banks, it provides an enhanced user experience by integrating transaction data with digital receipts.

In early 2025, the company secured €1.7 million in a funding round led by DNB Ventures, the venture arm of DNB, Norway's largest financial services group. This investment is intended to accelerate the company's expansion and further develop its technology.

Keywords: digital receipts, fintech, API, B2B, payment processing, data integration, merchant services, banking solutions, retail technology, transaction data