Want To Invest In Tipjar?
Our last crowdfunding raise closed in August 2020 and saw us raise nearly £900,000 from over 1,000 amazing investors. These funds are vital for us to grow as a small business by investing in our tech infrastructure as well as in our people.
We currently operate in the UK in over 750 venues, and have recently started collecting and distributing tips in the USA driven by the appointment of our new US CEO.
Currently we are not live with a crowdfunding raise but you can register your interest in future rounds and you’ll be the first to find out the details!
We are a start up looking to make a big impact. We want to change the world forever & make tipping fairer for the worker, more transparent for the customer & less painful for the business.
Our platform was designed and built by hospitality workers but it is easily transferable and consistent with other tipped workers including taxi drivers, hairdressers, food delivery drivers, street performer’s and many more.
Currently tipped workers from all industries are struggling, they are on the frontline of the diminishing use of cash and are feeling their earnings shrink every day and the forecast for cash over the next five years is astonishing with cash in some parts of the UK and the globe disappearing all together.
Whilst tipping is our bread and butter we also see huge advantages of digitising tipping including direct feedback and reviews for the worker themselves, which can act as a resumè for future jobs or just re-enforce their value to their current employer. The data on consumers, businesses and employees could become as important and the income generate from receiving and handling tips themselves.
Our founder James Brown who has a number of years as retail director for the global phenomenon of Brewdog saw the opportunity when the venues he ran in London opted to become cashless. A cashless operation was cheaper, quicker and ultimately more convenient for everyone but… there was one loser. The team saw a reduction in tips. This is where the idea was born to put the power back in the team members hands of receiving and managing their tips directly.
The complex UK tax laws around tipping cause businesses large and small headaches and our platform isn’t just about the employee and the consumer. It is also designed to take away the pain, the politics and the risk (both financial & reputational) that the hospitality industry are currently experiencing.