Stamp Free offers the Stamp Free Digital Postage Solution™, an AI-powered phone-based alternative that lets consumers and businesses send parcels, letters and returns without stamps or printed labels. The solution uses machine handwriting recognition to convert handwritten six- or eight-digit codes into scannable, validated postage at source. Stamp Free says the approach removes fraud, liability and printing costs for postal carriers and reduces environmental impact by eliminating extra machinery and labels. Its product is being trialled by postal carriers, retailers and locker providers in multiple geographic locations. The company expects the solution to be available for consumers later this year and will use new proceeds to ramp sales & marketing and further product development. Financially, Stamp Free raised £600k at a pre-investment valuation of £4m, up from a £2m pre-investment valuation in its Seed One round in September 2021. The Stamp Free Digital Postage Solution™ allows users to send parcels, letters and returns without a postage stamp or carrier label through the Stamp Free or white‑label app. The solution uses machine handwriting recognition as a core part of its technology and has a patent application filed. Stamp Free positions itself as the first independent company to offer a digital postage solution to postal and logistics sectors and highlights carrier benefits such as reduced fraud, liabilities and printing costs. The company targets postal and logistics customers and plans to penetrate new customer segments and continue creating disruptive solutions with the new investment. Stamp Free recently strengthened its management team with senior hires across commercial, business development and marketing to support growth. Financially, the company closed a Seed One round and secured grant support to back its expansion plans. Stamp Free launched the Stamp Free Digital Postage Solution™, an app-based independent digital postage system that removes the need for printed stamps or franking machines. The solution uses machine handwriting recognition and comprises three components: Digicode for consumers, Shipcode for businesses, and Easycode for returns. Customers receive a code via the app, write it on the item, and the app scans/validates the code to process letters, parcels, and returns. The company says the solution reduces stamp-related fraud, liabilities, and printing costs while providing carriers posting data to ensure correct payment. Stamp Free has filed a patent application and expects to release Digicode to market and develop Shipcode and Easycode over the next 12 months. Management includes founder Hugh Craigie Halkett plus senior hires and advisors with Royal Mail and industry experience. The company raised £300,000 and also received grant funding and advisory support from Scottish Enterprise to ramp up commercial traction.

Total raised

$2M

Funding rounds

3

Latest round

Equity

Latest activity

May 2022