Azerbaijani Startup Recepta has recently announced that they received the pre-seed investment in the amount of $700,000. Additional details about the investment have not yet been announced.
The executive director of the startup, Fuad Heydarli, made a statement to tech.az media about the received investment.
Recepta received an investment of $700,000. We cannot provide information about VC companies. The investment we received will be mainly spent on expanding the startup’s activities and sending digital receipts to users’ banking applications. The next step will be in the United Kingdom, the United States and other countries. In addition, the our main focus will be on making it easy for users to receive receipts through the mobile application in Azerbaijan.”
Note that Recepta is a digital receipt management application that automates the creation and collection of digital receipts for all card transactions with each purchase, eliminating the need for paper receipts.