Slip Raises £2.9M to Transform Receipts into Retail Data Tool in London

Located in London For the purpose of transforming receipts into a data tool for shops, Slip has raised £2.9 million.

With the help of Adjuvo, Haatch Ventures, Unbundled Ventures, the Side by Side Partnership, and a variety of angel investors, Slip, a platform that is redefining the role of receipts in retail, has successfully raised a seed round of £2.9 million. Among the angel investors who participated in the round are Dan Elton, the Executive Vice President of Customer and Marketing at ASOS, as well as Julian Burnett, a former Chief Information Officer at Frasers and a former Chief Technology Officer at John Lewis.

A new dimension of customer data and insights is made available to merchants with the usage of Slip's software, which was introduced in 2022 and is used by retailers to transform their receipt process. JD Sports and Beyond Retro are just two of the prominent retailers that have already shown their support for the Slip software.

Slip's technology functions as a gateway that surfaces consumer patterns, promotes engagement, and gives new marketing opportunities. This enables businesses to connect with customers in new ways and offer loyalty incentives. Slip's technology is able to digitize receipts. As a result of relationships with major providers such as Shopify, Klaviyo, Epos Now, and Sitoo, Slip's application programming interface (API) is able to integrate with pre-existing systems. Additionally, information from customer behavior can be fed directly into partner customer relationship management systems (CRMs) or marketing technology stacks.