The Problem
Businesses annually spend on average, between $3B - $6B on receipt paper in the U.S. alone, and that excludes printer and ink costs. These costs are not only monetary but also waste valuable time at checkout and have environmental impact.
Costly
Billions spent annually on paper receipts and related costs
Time-Consuming
Wastes valuable time at checkout for both businesses and customers
Our Solution
PapeX is developing a digital platform that will eliminate the need for physical, email, or text receipts, seamlessly bridging the gap between the final stages of the retail transaction process and individual or professional financial or expense management.
Eliminate paper waste
Save time at checkout
Streamline expense management
Win-Win-Win Business Model
Win for POS Vendors
Point-of-Sale (POS) vendors will generate new revenue streams through our integration.
New revenue opportunities without changing existing systems.
Win for Merchants
Merchants will save time, money, and reduce waste by eliminating physical receipts.
Lower costs, faster checkout times, and minimized waste leading to a better customer experience.
Win for Customers
Individuals or entities receiving receipts will benefit from faster checkouts and more efficient financial and expense management.
Simplified expense tracking and financial management, all while reducing their carbon footprint.
Market Opportunity
PapeX targets anyone who receives or issues receipts, including both brick-and-mortar businesses and online retailers. We will generate revenue through a combination of pay-per-print and subscription-based pricing, depending on the model chosen by the merchant.
In addition to these core pricing models, we will generate revenue through non-PII data monetization and B2B integrations with tax, accounting, and financial software.
Core Receipt Based
26.26%
B2B Subscription Service
20.51%
Data Monetization
53.23%
Traction & Milestones
Clover POS Integration
Successfully developed an almost fully functional integration for the Clover POS system, relying solely on a dedicated group of students with support from professionals and advisors.
Growing Waitlist
Market interest is evident, with a growing waitlist of potential customers eager to adopt the solution.
Pitch Competition Winner
PapeX gained recognition by winning a pitch competition judged by the top 50 fastest-growing Syracuse alumni entrepreneurs, securing $6,000 in funding to further development.
