Observed Signal · Jun 6, 2024 · Funding · Source: Tech.eu · Impact: 2/5 · Sentiment: Positive
Slip raises £2.5M for digitized receipt system
London-based startup Slip has raised £2.5M to scale its digital receipt platform. Slip's API integrates with existing retail systems and partners including Shopify, Klaviyo, Epos Now, and Sitoo, feeding customer activity data into partner CRMs or marketing stacks. The company highlights that the UK prints 11 billion receipts annually, most of which end up in landfill. Retailer JD Sports partnered with Slip last year, using digital receipts as an acquisition channel for its loyalty app, resulting in over 25,000 app downloads across 400 stores. The funding will support further technology development, team expansion (from seven employees), and the onboarding of additional retailers. Myles Dawson, former Managing Director of Adyen UK, has joined as Chief Commercial Officer. Founder and CEO Tash Grossman emphasized the transformation of receipts from waste into a data-rich source of customer insight, driving engagement and data collection for brands.
Moderate relevance: A startup funding round in the retail tech/customer data space, but not a major platform or industry-shifting event.
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Key Takeaways & Evidence Grounding
- Slip secured £2.5M in funding.
- Slip's API integrates with Shopify, Klaviyo, Epos Now, and Sitoo.
- JD Sports rolled out Slip across 400 stores, driving 25,000 app downloads.
- The UK prints 11 billion receipts annually, most going to landfill.
- Myles Dawson, former MD of Adyen UK, joined Slip as Chief Commercial Officer.
Connected Companies & Entities
4 Entities mapped“Slip’s API can integrate with existing systems due to its partnerships with Shopify, Klaviyo, Epos Now and Sitoo....”
“Slip’s API can integrate with existing systems due to its partnerships with Shopify, Klaviyo, Epos Now and Sitoo....”
“JD Sports partnered with Slip last year to digitise receipts; using them as an acquisition channel to their brand loyalty app JD STATUS....”
“Myles Dawson, former Managing Director of Adyen UK, joined as Chief Commercial Officer....”
Ontology Mapping & Concepts
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