← State of Embedded Finance 2026

Measurable AI

Can a proprietary e-receipt data panel covering 2M+ consumers across emerging markets be monetised as institutional-grade alternative data for investors and corporates seeking transaction-level intelligence on digital commerce?

HQHong Kong
FoundersCharlie Sheng
IndustryData & Analytics / Alternative Data
The story

Measurable AI was founded as a consumer data intelligence company built around a proprietary panel of anonymised e-receipt data, initially focused on emerging markets in Asia (food delivery, ride-hailing, e-commerce). The company's core product is selling alternative data and market research reports — particularly transaction-level e-receipt insights — to hedge funds, institutional investors, and corporates seeking an informational edge. Over 2022–2025 the company broadened geographic coverage to include the Middle East and the US, and diversified its report verticals. It has not pivoted into embedded finance and operates purely as a data/analytics business with no payments, banking, or lending products.

Last 12 months
2024-12
2025-09
2026-03
Product timeline
2021
Published case studies using e-receipt panel for consumer behavior analysis (e.g., in-app purchases, Children's Place sales prediction), establishing core B2B data product.· pivot
2022
Expanded coverage to Southeast Asian food delivery markets, ride-hailing, and digital payments; positioned as largest emerging-markets e-receipt alternative data company.· pivot
2023
Launched flagship Asia Food Delivery Market Report and Annual Ride-Hailing Report, monetizing proprietary 2M+ user e-receipt panel as packaged research.· pivot
2024
Won Best Data Monetization Award and Best Data Tech Startup Award at DaLa Awards 2024 in Hong Kong, cementing position in Asia data industry.· acquisition
2025
Expanded panel to US market; published analysis of AI-driven shifts in app-store spending using US e-receipt data.· pivot
The stack
Accounting gap: none