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

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search