To introduce One-Tap NFC digital receipts to international retailers, Singapore’s Pi-xcels raised $2.7 M
Interactive e-receipt technology company Pi-xcels announced that it had closed its second round of funding, raising $2.7 million.
According to a statement from the company, Headline led the most recent round, which also included new strategic investors Shizen Capital and Seedstars International Ventures, as well as ongoing involvement from previous backers Wavemaker Partners, Hustle Fund, and other angel investors.
Pi-xcels’ successful seed round, in which the company raised $1.7 million, served as the foundation for this funding round. Since then, Pi-xcels has accomplished a number of noteworthy milestones, forming partnerships with international partners and integrating with prominent global payment leaders such as Pax, Ingenico, Castles, and Newland. Additionally, the business has increased its footprint in important markets like Europe, Southeast Asia, and Japan.
According to Pi-xcels, its app-less, NFC-enabled e-receipt technology is revolutionizing retail transactions by giving businesses a potent means of improving customer experiences and obtaining insightful data.
Customers can receive digital receipts with just a tap thanks to the company’s frictionless solution, which provides a smooth and interesting substitute for paper receipts.
By expanding into the US market and fortifying its position in Europe, Japan, and Southeast Asia, Pi-xcels will expedite its global expansion with the new funds raised. The money will also help the business develop its proprietary NFC-based technology and broaden its partnerships.
Pi-xcels is concentrating on expanding its team, protecting its technology, growing its solution, and forming strategic alliances in response to the growing demand. The goal of these initiatives is to set a new standard for digital receipts in the retail sector.
Strong investor confidence in Pi-xcels’ creative strategy and its potential to bring about major industry change is also indicated by the second round. “Pi-xcels is leading a global shift in retail tech, turning what was once a simple transaction into a meaningful touchpoint,” stated Akio Tanaka, Founding Partner at Headline Asia.
The goal of Headline Asia is to support scalable solutions that tackle real-world challenges on a global scale, and Pi-xcels has developed a flexible model for quick international expansion with a track record of success throughout Asia and plans to expand to Europe and the US.
Jackson Loo, Principal at Headline Asia added, “By being the software layer on top of payment terminals, Pi-xcels is set up for global distribution from day 1. E-receipts are just the tip of the iceberg.”
As it continues to improve its proprietary NFC-based technology and expand its partnerships, Pi-xcels is well-positioned to spearhead the retail sector’s shift to a paperless, data-rich future.
