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.