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Kwick Receipts / ETNetwork AB logo — company profile

Kwick Receipts / ETNetwork AB

Founded 2011 5 employees Seed Total: $1.20M Financial Services, Payments +1

General Information

Company Name Kwick Receipts / ETNetwork AB
Founded Year 2011
Employees 5
Industries Financial Services, Payments, Banking
Funding Stage Seed
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About Kwick Receipts / ETNetwork AB

ETNetwork AB, trading as Kwick, is a Swedish startup founded in 2011 that aims to revolutionize how electronic receipts are handled. The company offers an infrastructure for digital receipts that streamlines daily administration for businesses of all sizes. In collaboration with banks and merchants, ETNetwork is spearheading the implementation of digital receipts in the Nordic region, with the backing of a $1.20M Seed Round investment on 30 November 2015 led by Thord Wilkne and Staffan Persson. The shift to digital receipts is lauded for its myriad benefits. Consumers stand to benefit from a simplified shopping experience and the ease of invoking consumer rights, with 9 out of 10 consumers preferring digital receipts. Businesses, on the other hand, can expect a 50% reduction in administrative costs upon adoption. Furthermore, merchants gain a competitive edge by meeting the rising demand for digital receipts, while also contributing to environmental conservation efforts, as the production of paper receipts has a detrimental impact on the environment. ETNetwork's endeavors are particularly notable in the Financial Services, Payments, and Banking sectors. For those interested in exploring their services further, they can visit the Kwick receipts platform at kwick.io. With notable partnerships such as Nordea and First Card, ETNetwork is positioning itself as a key player in the digital receipt infrastructure landscape, creating value not only for investors but also for consumers, corporations, merchants, and the environment as a whole.

Funding Rounds & Investors (1)

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Funding Stage Amount Investors Lead Investors Date
Seed Round •••••• 2 •••• •••• 30 Nov 2015

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FAQ About Kwick Receipts / ETNetwork AB

ELECTRONIC RECEIPT INFRASTRUCTURE Handling paper receipts is time consuming and expensive. ETNetwork offers an infrastructure for digital receipts that improve daily administration for small and large corporations. Transaction information is leveraged into business value. In collaboration with bank...
Kwick Receipts / ETNetwork AB was founded in 2011.
Kwick Receipts / ETNetwork AB operates in the following industries: Financial Services, Payments, Banking.
Kwick Receipts / ETNetwork AB has approximately 5 employees.
Kwick Receipts / ETNetwork AB has completed 1 funding round, raising a total of $1.20M. The latest funding stage is Seed.
Top alternatives and competitors to Kwick Receipts / ETNetwork AB include Epic Impact, Flux, GoCart, Disco App, Persson Innovation . These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Kwick Receipts / ETNetwork AB and Epic Impact are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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