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TiPJAR raises £4.5m from YFM Equity Partners to scale its hospitality tipping platform

TiPJAR

The investment was led by YFM Equity Partners and will be used to expand the team and accelerate product development.

£4.5M

TiPJAR operates a digital platform that helps hospitality venues collect, manage, and distribute staff tips and service charges. The company provides compliant tools to ensure transparent payouts for thousands of workers across the sector.

TiPJAR has secured £4.5m in new funding to expand its team and accelerate product development. The investment was led by YFM Equity Partners, with advisory support from Mountside Ventures.

The capital will allow the company to scale its cashless tipping technology across the UK and explore new international markets. Founded in 2019, the firm processes substantial tip volumes for tens of thousands of hospitality workers.

This injection of capital arrives as operators face mounting compliance demands ahead of new tipping legislation. YFM Equity Partners will work closely with the leadership team to support the next stage of company growth.


From the founder

"TiPJAR was created to give the hospitality industry a fair, transparent and reliable way to manage tips, and to help meet evolving tipping legalisation, increasing demands for transparency and changing consuming behaviour. Over the past seven years, we’ve grown rapidly and established ourselves as the market leader in this space – so much so that no other tipping-focused platform has attracted this level of financial backing."
BT

Ben Thomas

CEO at TiPJAR


Investor perspective

"TiPJAR has established itself as the clear market leader in a fast-growing and increasingly regulated area of hospitality operations. The team has built a highly scalable platform with strong customer adoption and a compelling value proposition for both operators and staff."
KM

Kit Maclaren

Investment Director, YFM Equity Partners


Use of funds

  1. 01Grow the team
  2. 02Continue product development
  3. 03Expand into international markets

Investors

YFM Equity Partners

Kit Maclaren

YFM Equity Partners


Categories

FinTechMobile AppSaaS

About the company

TiPJAR

TiPJAR

TiPJAR provides a cashless platform for managing and distributing hospitality tips.

London, UK Founded 2019 Website
£4.5MRaised