Slip raises $3.2M to revolutionise receipts - turning forgotten paper into digital gold

Slip has secured a $3.2 (£2.5) million Seed round to supercharge its mission of transforming the humble receipt into a powerful source of insight, engagement, and growth for retailers and customers alike. The round was led by Adjuvo and joined by Haatch Ventures, Unbundled VC, Side by Side Partnership, and a network of experienced angels.

This latest funding marks a major step forward in Slip’s mission to reinvent retail’s most overlooked asset, and signals growing momentum for the platform already trusted by leading names like JD Sports and Beyond Retro.

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From bin-bound paper to business intelligence

Slip launched in 2022 with a bold ambition: to turn traditional receipts, often discarded and rarely reused, into a rich channel for customer data, brand engagement, and loyalty.

At its core, Slip digitises receipts and feeds customer data straight into retailers’ CRMs or marketing stacks, thanks to integrations with platforms like Shopify, Klaviyo, Epos Now and Sitoo. The result is a seamless flow of actionable insight that helps retailers better understand behaviours, personalise interactions, and reward loyalty, without adding friction at checkout.

In the words of Slip CEO and founder Tash Grossman: “Until now, receipts have represented nothing but waste and a wasted opportunity. We’re transforming the humble receipt from its static, destined-for-landfill status into a data-rich source of customer insight.”

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Real results, real retailers

Slip’s impact is already being felt across high street brands. JD Sports partnered with Slip in 2023, using digital receipts to drive loyalty app downloads without disrupting the checkout experience. 

The result? Over 25,000 downloads and a roll-out across 400 stores.

Beyond Retro saw similar results-harnessing Slip to drive a 226% uplift in newsletter sign-ups in a single month, by offering customers the option to receive their receipt digitally in exchange for their email.

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A smarter, greener future for retail

Slip’s technology doesn’t just make receipts more useful, it also makes them more sustainable. With over 11 billion receipts printed in the UK every year, most of which end up in landfill, the environmental opportunity is clear.

Now, with new investment in hand, Slip is set to grow its team, accelerate product development, and bring its platform to even more retailers across the UK and beyond. 

“Slip has re-engineered the receipt from purely a proof of purchase into a tool that helps retailers better understand, re-engage, and reward their customers after leaving the store,” said Mark Foster-Brown, CEO at Adjuvo. “We’re excited to support their next phase of expansion.”

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What’s next for Slip?

This raise marks a major milestone, but it’s only the beginning. With personalisation now a top priority for retailers, and the global retail media and customer data market worth a combined $80 billion+, Slip is perfectly positioned to turn the everyday receipt into the next frontier of retail innovation.

Slip isn’t just transforming a piece of paper- it’s redefining what’s possible after purchase.

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