Stamp Free Raises £600K in Funding

Stamp Free Limited, an Edinburgh, Scotland, UK-based digital postage company, raised £600K in funding.

The round was led by R42 Group and Cambridge Angels.

The company intends to use the funds to increase sales & marketing activities to ramp up commercial traction and further product development.

Led by Hugh Craigie Halkett, Managing Director, Stamp Free is a digital postage company that, through the use of AI, enables customers to send parcels, letters and returns just by using their phone with no stamps, no printed off postage, and no parcel label. The Stamp Free Digital Postage Solution allows businesses and consumers to use the Stamp Free or white-labelled app to send parcels and letters, as well as return consumer goods, without the need for a postage stamp or carrier label. It is also beneficial for the environment with no extra machinery, stamps or printed postage labels required – just handwritten six or eight-digit codes, essentially handwritten barcodes – which are scanned and validated by AI at the source by a smartphone before the mail item is sent or returned.