Munich/Regensburg. Tech startup anybill has received seed funding of €1.9 million – High-Tech Gründerfonds and Ilavska Vuillermoz Capital as well as other business angels, including PAYONEfounders Jan Kanieß and Carl Frederic Zitscher invested in the company. The funding is to be used primarily for the expansion of the acceptance infrastructure as well as further product development.
The receipt issuance requirement from 2020, which on the one hand states that a receipt must be issued for every business transaction and on the other hand defines that the receipt can also be issued digitally, has created a fundamental need among all those who issue cash receipts.
anybill's goal is to provide a digital receipt for every payment – in retailer apps, banking and payment apps, or without an app – wherever tomorrow's consumers expect to manage receipts. anybill focuses on POS-integrations and has already been able to win more than 35 POS partners in the recent months. With the scalable API services, retailers of all sizes and industries can issue digital receipts. anybill acts as an enabler for issuing receipts and provides SDK modules for third-party applications such as banking or merchant apps to offer digital receipts as an embedded service. In addition to numerous POS software integrations, the company was able to win its first paying major customers as well as SMEs and banks.
In acceptance applications from the partner ecosystem, digital receipts and shopping cart information can be managed and released for further processing. Possible examples are exports for accounting applications or warranty purposes. The goal is to enable digital receipt management, especially fully integrated and linked to card payments – without the need of an e-mail address or mobile number.
Lea Frank, Co-founder and CEO of anybill is convinced: "With the support of know-how and the right network gained from the financing round, we are getting a decisive step closer to our goal of being the enabler for the issuance, acceptance and further processing of digital receipts. We are building an additional layer on top of the existing payment infrastructure to enrich transactions with purchasing information. Through our POS ecosystem on the one hand and our partner network on the other, we bring both worlds together and thus offer a unique technical basis. We enable actual value-added services around payments and can contribute in enabling full automation around digital receipt management in the future."
anybill was founded in December 2019 by Lea Frank, Tobias Gubo and Patrick Göttler. Currently, the company employs around 25 people at its locations in Regensburg and Munich. In the future, the focus will be on expanding the team as well as the partner and acceptance network.
Louis Heinz, Senior Investment Manager at High-Tech Gründerfonds, comments: "From the very beginning on, we have been convinced that the most promising way to build a holistic receipt management system is through a broad POS network and integration with third-party providers from the payment & retail sector. This is exactly where anybill has shown strong development in the last months and we are excited to support the team in the next growth phase."
The seed investor High-Tech Gründerfonds (HTGF) finances technology start-ups with growth potential. With a volume of around 900 million euros spread across three funds and an international partner network, HTGF has supported more than 650 start-ups since 2005. Its team of experienced investment managers and start-up experts supports the young companies with know-how, entrepreneurial spirit and passion. The focus is on high-tech start-ups in the fields of digital tech, industrial tech, life sciences, chemistry and related business areas. More than €3.5 billion in capital has been invested in the HTGF portfolio by external investors in more than 1,800 follow-on financing rounds to date. In addition, the fund has already successfully sold shares in more than 140 companies.
Fund investors in the public-private partnership include the German Federal Ministry for Economic Affairs and Energy, KfW Capital, the Fraunhofer-Gesellschaft and 32 companies.
Ilavska Vuillermoz Capital (IVC) is a Luxembourg private equity firm which was founded in 2019. IVC's Venture Capital FinTech Arm is already invested in companies such as N26, Penta, Solarisbank and many other well-known FinTechs. anybill is among the fund's first early-stage investments.
The goal of anybill is to provide digital receipts to every payment - in merchant apps, banking and payment apps, or without any app - wherever the consumer of tomorrow expect receipts. For a high availability, anybill focuses on cash register integrations. With scalable API services, merchants of any size and industry have the possibility to issue digital receipts. anybill acts as an enabler for issuing receipts and provides SDK modules for third-party applications such as banking or merchant apps to offer digital receipts as an embedded service. anybill was founded in December 2019 by Lea Frank, Tobias Gubo and Patrick Göttler and has locations in Regensburg and Munich.