The DPS Group has participated as a co-investor in the pre-seed financing of the start up bill.less. Bill.less has developed a solution for the digitalisation and archiving of till receipts. This offers stationary retailers the possibility of fulfilling their receipt obligations without wasting paper, while also allowing customers to conveniently archive receipts, the preparation of which is relevant for tax return purposes, for the assertion of warranty claims or for managing expense accounts. Additional features, such as the option of integration into digital budget books, are in the planning stage.
This is what Kathrin and Naomi, the founders of bill.less, had to say about the commitment of DPS:
“We are delighted to have found an experienced partner in DPS, in order to jointly advance digitalisation in retail. We also genuinely appreciate the strategic support available in business development”.
The investment is being managed within the framework of the Start up BW Pre-Seed programme by the state of Baden-Württemberg. The main investor is L-Bank. The bill.less team has received support from the Stuttgart-based Start Up Accelerator since its inception, who are also partners to our investment company Xavin. For DPS, the investment represents a strategic component in the development of innovative payment infrastructures at the point of sale, which combines the possibilities of open banking, instant payments and request to pay, as well as the needs of retail for convenient and data protection-compliant couponing solutions.