flexReceipts Gets Investment from venVelo

WINTER PARK - flexReceipts, a provider of digital receipt technology, announced today that it has received a investment from venVelo, a business accelerator in Winter Park. Terms of the investment were not disclosed.

flexReceipts’ target customers are retailers that print paper receipts and want a better way to engage their consumers. flexReceipts already enjoys established relationships with many of the largest point-of-sale (POS) providers and is in use at the Orange County Convention Center in Orlando, the second largest such facility in the United States with over 1.4 million annual attendees.

Allen H. Kupetz, COO of venVelo sees the flexReceipts solution as the logical next step in the cashless revolution. “flexReceipts offers consumers an easy way to manage their receipts digitally rather than saving little odd-shaped pieces of paper. It offers businesses superior data analytics and customer engagement tools, both of which offer marketers a unique insight into the buying habits of consumers.”

flexReceipts recently won both the Rollins College Venture Plan Competition and the Florida Venture Forum. The flexReceipts team is led by Tomas Diaz, a 2002 MBA graduate of the Crummer Graduate School of Business at Rollins College.