Slyp

The company's core offering, the Slyp Smart Receipt, integrates with a merchant's point-of-sale (POS) system and the customer's banking application. When a customer pays, Slyp automatically matches the transaction to their bank card and sends an itemized, interactive receipt to their banking app. This model serves a tripartite market: consumers, retailers, and banks. Consumers gain a convenient way to store and manage receipts for warranties and returns without the clutter of paper. Retailers, in turn, can access SKU-level data on in-store shoppers, opening up a new channel for post-purchase engagement, personalized offers, and loyalty programs. Banks can enhance their digital offerings, providing a value-added service that deepens customer engagement within their own apps. The business generates revenue by providing these data and engagement solutions to its retail and banking partners.

A significant milestone for Slyp was securing investment from all four of Australia's major banks—NAB, Westpac, ANZ, and Commonwealth Bank—a unique achievement for an independent Australian fintech. The initial backing from NAB and Westpac's venture arms came in 2018, followed by ANZ in 2019 and CBA in 2020. Slyp has raised approximately $34.5 million through several funding rounds, including a $25 million Series B in February 2022. The platform has expanded its services beyond digital receipts to include a comprehensive loyalty and rewards platform called Go Rewards, which features AI-driven tools like 'Go Pilot' for personalized suggestions and 'Auto Earn' for seamless loyalty card linking. By integrating with over 40 POS systems and more than 150 CRM and marketing platforms, Slyp enables retailers to connect in-store transaction data with their broader customer engagement strategies.