TiPJAR
Financials
Estimates*
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 2.5m | 2.9m | 3.0m |
% growth | - | 16 % | 3 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
£485k Valuation: £4.5m | Seed | ||
£729k Valuation: £11.0m | Seed | ||
£1.5m | Seed | ||
N/A | £1.5m | Early VC | |
Total Funding | CAD7.6m |
Recent News about TiPJAR
EditTiPJAR is a financial technology startup that provides a cashless tipping and tronc platform. The company's primary focus is to serve the hospitality industry, including restaurants and hotels, by offering a modern and efficient solution for tip management. TiPJAR's platform allows customers to give tips directly to service workers, who can then distribute these tips among their team in a fair and transparent manner.
The company operates in the emerging cashless society market, aiming to help tipped workers, businesses, and customers navigate this new landscape. For workers, TiPJAR provides instant access to their tips, enhancing their financial security. For businesses, the platform helps motivate and reward staff, while also ensuring compliance with new legislation regarding cashless transactions. For customers, TiPJAR offers a seamless way to express gratitude for excellent service.
TiPJAR's business model is built on integrating its platform into existing payment flows of businesses. This means that the platform can be used without disrupting the usual transaction process, making it a convenient solution for businesses. The company generates revenue by providing this service to businesses, although the specific pricing model is not detailed on the website.
The platform is built with robust financial technology, ensuring a secure and reliable service. It is designed to meet the highest compliance standards, making it a trustworthy solution for businesses.
Keywords: Cashless Tipping, Tronc Platform, Hospitality Industry, Tip Management, Cashless Society, Financial Technology, Payment Integration, Compliance, Financial Security, Service Reward.