Home / Knowledge / News / Information Technology / FlexReceipts bags capital funding from Florida Technology
FlexReceipts bags capital funding from Florida Technology
20
Mar '14
The Florida Technology Seed Capital Fund, LLC, a subsidiary of the Institute for Commercialization of Public Research (the Institute) announced that it has finalized a funding agreement with Orlando-based flexReceipts, the leading digital receipts software application for retailers.
 
The Institute works with Florida’s research universities and institutions to support new company creation and job growth, and helps companies bridge early funding gaps to attract additional private investment capital.
 
The flexReceipts solution allows retailers to connect with consumers after the transaction normally ends, at the receipt. Their enriched receipts are completely customizable, offering embedded video, product recommendations, social media links, unique discount codes and more. The application also provides analytics and insights into shopping habits and product trends.
 
With technology licensed from Florida Atlantic University, flexReceipts also offers a consumer portal that enables consumers to better manage their purchases with digital storage of receipts. 
 
This helps mitigate return woes as well as submission of warranty information and rebate claims, and integrates directly with retailers’ Point-of-Sale (“POS”) systems to provide retailer partners with superior data analytics and consumer engagement tools. The company plans to hire more than 30 employees over the next three years.
 
“flexReceipts allows retailers to ‘Go Beyond the Sale’ to better engage with their customers," said Tomas Diaz, CEO of flexReceipts. “And our consumer portal is helping those same customers manage their purchases and finances more efficiently using banking-level security standards.”
 
“The flexReceipts team has demonstrated strong capabilities to execute on their vision and we are pleased to support their continued progress," said Jamie Grooms, CEO of the Florida Institute. “Companies like flexReceipts that are based on technologies developed at Florida universities are creating jobs in key industries that will attract and keep top talent in Florida for generations to come.”
 

Florida Technology

Must ReadView All

Apparel/Garments | On 6th Dec 2016

Alibaba merges Juhuasuan with Tmall.com

In a business reorganisation, aimed at making it easier for merchants ...

Courtesy: EFI Reggiani

Textiles | On 6th Dec 2016

EFI Reggiani shows inkjet textile solutions at India ITME

EFI Reggiani, a leading technology provider of a full range of...

Textiles | On 6th Dec 2016

Indonesian textile sector urges govt to regulate imports

The Indonesian textile industry urged its government to regulate...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search