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Receipt’o �“A one stop application to receives and manages all your receipts”

Presented by

Karthick Vellaichamy

March 8,2022

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Problem Statement

Paper Receipts

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Why Bother !?

  • Climate change start with the piece of receipts in our Hand.
  • As per Green America report, In the US, over 12.4 million trees and 13 billion gallons of water are consumed each year in the creation of paper receipts.
  • Produces 1.5 billion pounds of waste and 4 billion pounds of CO2.
  • Which equals to having 1 million cars on the road.
  • 93% of paper receipts are not recycled.

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WE ALREADY KNOW THAT RIGHT !!

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How are solving this right now !?

  • There is a major disruption going on and we are digitizing receipts right now.
  • Now we can get receipts in messages, E-mails and In house apps (like starbucks, fly delta etc..)
  • Above all I can be conscious person and give up on my paper receipts by saying “No” to the “Do you want a copy of your receipts ?” conversation

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Issues in the current model

  • For start, 70% of Americans says “yes” in that conversation.
  • Everyone has the right to have their own receipts.
  • Digitalizing are only happening on large and medium retailer
  • Whereas more than 40% of the paper receipts are generated on small convenience store

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Difficulties of the Small Retailers

  • Entire market dived into the concept of create their own digital platform to manage the digital receipt .
  • Retailers don’t have the resource or the expertise of building their own digital solution
  • Our goal is take this half a million cars out of road

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Our Goal Is Simple, We Want To Help The Small Retailers And Save The World.

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Market Opportunity - How Big Is The Whole Market?��

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Our Solution / Product

  • As a Digital Product, Receipt’o is being built by keeping small and medium scale retailers in mind.
  • We will keep the complexity of integration as low as of setting up a credit card reader.
  • From end user perspective it will be an one stop application to manager all your receipts.

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How it works

  • Use will have to install the Receipt’o  and their account will be mapped with there unique mobile number (like what’s up)
  • User can give their mobile number at the end of the purchase to receive a digital receipt.
  • Or they can make a tap (NFC Taps) to get their receipts in the application.
  • In long run, we will have credit card vs mobile no mapping so that you don’t have to enter the mobile number every time.

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Business Model

  • We will charge a one-time fee on the retailer.
  • We will Sell carbon credits.
  • In long run, we will provide services based on the data.

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Confidential

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Marketing and Sales

  • Our target customer will be small and medium scale retailer.
  • Our “ideal” customer would any climate conscious early adopter.
  • Our value proposition to the customer is reduced spending on thermal POS paper by going green.

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Competition

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Milestones

  • Make a beta release in android and test inside UB campus shops.
  • Reach 500 customers/retailer in Buffalo by December 2022.
  • Release a IOS App.

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Summary

  • Paper Receipts are bad.
  • The current mode digitalization is slow and inadequate.
  • Our solution will be alternative, with the focus on easy adaption.
  • Our goal is to reduce the number Paper Receipts to less that 5 percent.