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

by James · August 8, 2022

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

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Anybill’s goals

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 receipts on their smartphone. The digital receipt will offer customers an environmentally friendly alternative to receipts printed on thermal paper. In addition, the digital receipt can also become the basis for a loyalty program. Anybill aims to provide a digital receipt for all payments, such as those processed in merchant apps, wallets, banking or payment apps.

How does the process work?

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

Anybill’s cooperation with partners

Anybill aims to promote digitization in retail through collaboration with its partners. This collaboration is necessary since Anybill works with many existing POS systems from a number of different manufacturers. According to an Anybill representative, cited by Payment and Banking, the fintech has gained 18 partners by 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 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 purchase documents.