anybill expands seed financing to EUR 5 million

Monday 8 August 2022 15:17 CET | News

Germany-based fintech anybill has expanded its seed financing to a total of EUR 5 million.

In October of 2021, anybill announced a seed financing of EUR 1.9 million, which the current financing builds upon. New investors include venture capital funds Mutschler Ventures, WENVEST Capital, and the Auxxo Female Catalyst Fund. The anybill team also gained a new investor in cybersecurity company AVG. Existing investors such as Luxembourg-based investment company Ilavska Vuillermoz Capital also participated in the round again. In addition, payment solution provider Payone’s founders, who invested in the company in 2021, participated in this round again. Anybill plan to use this money and its new partners to pursue its goal of eliminating paper receipts.

anybill’s aim

With its SaaS solution, anybill aims to enable all retailers to provide customers with digital receipts instead of printed receipts. anybill’s users can store and manage their digital receipt on their smartphone. The digital receipt should offer customers an environmentally friendly alternative to receipts printed on thermal paper. Additionally, the digital receipt can also become the basis for a loyalty program.  Anybill aims to deliver a digital receipt for all payments, such as those processed in merchant apps, wallets, banking, or payment apps.

Germany-based fintech anybill has expanded its seed financing to a total of EUR 5 million.

How does the process work?

The receipt issuance works by displaying a QR code at the cash register following the payment, which is then scanned by the customer’s smartphone camera. This allows the user to save their receipt as a PDF without needing to enter their email address or download any app. Digital receipts can, however, be saved to anybill's partner apps, such as banking apps, loyalty card apps, or through the anybill receipt app. Users can also save their own personal QR code in their mobile wallet and have it scanned at the checkout to receive digital receipts directly.

Anybill’s collaboration with partners

Anybill aims to advance digitisation in retail through collaboration with its partners. This collaboration is necessary seeing as Anybill works with many existing POS systems from a wide variety of manufacturers. According to an Anybill representative, cited by Payment and Banking, the fintech has gained 18 partners in 2022. The latest Connected Retail partners include digital retail solutions providers Diebold Nixdorf and Gebit Solutions. With the integration of anybill, they can now offer their customers a solution for issuing digital receipts. An anybill representative states that the new partners gained on the software and investor side will enable the company to make progress towards its goal of being an enabler for the issuance, acceptance, and further processing of digital purchasing documents.

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Keywords: expansion, investment, payment processing, mobile payments, partnership
Categories: Payments & Commerce
Companies: anybill
Countries: Germany
This article is part of category

Payments & Commerce


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