I Hate Receipts
“Can receipt-level transaction data be turned into a consumer data platform that gives SMB merchants the same post-purchase engagement capabilities as large retailers?”
Founded2018
HQAustin, Texas, United States
Total raised$2,450,000
Latest roundSeed, 2021
IndustryFintech / Consumer banking
The story
Founded in 2018, I Hate Receipts set out to replace paper receipts with an interactive digital receipt experience at the point of sale. The company built integrations with payment terminals (Ingenico), merchant acquirers (Payroc), and card networks (Mastercard) to capture Level 3 receipt data and turn it into a consumer data platform (CDP) for SMB merchants. As of the latest evidence, the company employs 4 people and was still seeking a seed raise of $2M, indicating the product remains early-stage and pre-scale.
Last 12 months
—
Product timeline
2018
IHR, LLC founded in Austin, Texas as a digital receipt and consumer data platform.· pivot
2019
Pitch VC listing describes company as focusing on card-present and online digital receipt experiences integrating with payment terminals (Ingenico) and merchant acquirers (Payroc).· banking
2021
Raised cumulative seed funding totalling ~$2.45M including a $1.4M seed round backed by Capital Factory.· banking
The stack
2 layers disclosed in I Hate Receipts’s embedded-finance stack
Card network
Open banking
in the full report
Accounting gap: minor
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.