Our Story
We believe that all great ideas are born out of frustration, and Receipt Vault is no different. After experiencing firsthand the overwhelming chaos of paper receipts, we knew there had to be a better way. Our journey began with a simple question: "What if we could store all receipts in the cloud and give people immediate access from any device?
Over the last few years, I had three “lightbulb moments” that led me to start Receipt Vault.
- After a weekend of just normal activity, I looked at my kitchen and saw every counter littered with receipts and even pesky paper slips spilling out of bags and drawers. I thought to myself, "Why aren't all receipts stored in the cloud? Not only could folks access them anytime, anywhere, but we'd finally be free from the clutter!"
- My mother gave me a sweater that I didn't love, and unbeknownst to me, included the gift receipt at the bottom of the bag. When I went to return it, the clerk asked for the receipt, and - like many of us - I didn't have it, lost it, or threw it out. I once again thought, "If all receipts were in the cloud, it would be so easy to pull it up from my phone, scan it, and go." It seemed silly to me that technology could innovate every aspect of lives, but capturing and storing receipts hadn't evolved since the 1970s...
- A couple of years ago, I sold my home only to receive an unexpected capital gains tax bill. The State said that if I could prove I didn’t have a capital gain on the house, I didn’t have to pay the bill. While I had built the house and fortunately kept all my receipts, organizing the overwhelming volume of paper receipts (ten years’ worth) from contractors, vendors, landscapers and home improvement stores took 3 months of weekends, and caused many arguments with my family, who were sick of hearing about how receipts were ruining my life. Again, I thought, "If big ticket items such as home-related expenses were automatically stored in the cloud and could be uploaded to my accountant or the State, it would be so easy!
In the spirit of you can’t un-see something, now that I have all my receipts in the cloud, I can’t imagine ever going back to the paper receipt world. The goal of Receipt Vault is to simplify our users lives, save them money, time and stress. Image a world where you never have to think about receipts again. With Receipt Vault, every receipt is at your fingertips.
Bob East
Founder and CEO
Senior Management
Bob East
Bob has spent the last 38 years working on Wall Street - the first 18 as an institutional equity salesman working for a couple of "growth" investment banks and the last 20 years as the Co-Founder and Managing Partner of ICR Healthcare, an IPO Advisor and Investor Relations firm.
During his time on Wall Street, he has helped hundreds of growth companies think strategically about both their IPO process and their public company strategy and reputation. He has worked with many of the leading companies in healthcare, technology, consumer and fintech. The common thread amongst all of the companies he has advised is that they identify massive problems and solve them with easy-to-use solutions.
In founding Receipt Vault, he has applied his vast experience and business acumen to create a platform that solves a global problem and gives consumers the ability to manage their expenses and organize critical receipts.
Bob married up and has spent the last 37 years still trying to impress his bride. They have three amazing children and two golden doodles. While he enjoys golf, he has mastered the ability to make double bogey from the middle of the fairway way too often.
Caroline East
Caroline graduated from Yale University and spent the last five years on Wall Street across NASDAQ and Goldman Sachs. At NASDAQ, she worked with many of the leading consumer companies as they transitioned from private to public on the exchange. Following their IPO, she partnered closely with their respective senior management teams and internal investor relations groups to provide insights on current market trends, deliver competitive analysis, and monitor trading activity.
Most recently, Caroline joined Goldman Sachs and supported the asset management division, GSAM, with their third-party capital raising efforts, focusing specifically on sourcing debt for private credit investments. She greatly enjoyed building relationships across a vast lender universe of banks and institutional investors and helping structure, negotiate, and close billions of dollars of complex transactions.
In joining Receipt Vault, Caroline has brought her market knowledge, strategic mindset, and passion for simplifying complex problems to create a product that empowers consumers to take control of their financial lives.
After five years on the East Coast, Caroline has been soaking in everything Southern California has to offer. She loves trying new workout classes, restaurants, and hikes, and has kept up her COVID-era side hustle of renting and reselling her closet. Her dad (and now boss) jokes that she treats her wardrobe like a stock portfolio — always curating, trading, and attempting to stay ahead of the trends.
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