Slyp, an Australian enterprise specializing in digital receipts, have completed a $4m investment round.
Australia and New Zealand Banking Group led the round. It was also supported by National Australia Bank and Reinventure, the venture capital firm that closed a $50m fund to invest in Australian FinTech companies in 2016. The large Australian bank Westpac is Reinventure’s biggest backer.
The founders, who previously hailed from PayPal, will use the money to expand Slyp’s digital receipts technology. This is to enable it to reach its goal of creating a “gold standard of smart receipts that is consistent across retail,” according to co-founder Paul Weingarth.
The founders claim the round was oversubscribed and that they could have raised more a, but that they did not want to bite of more than they could chew.
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