Tipsi, smart tipping
The Montpellier-based fintech has designed a payment solution that is a great idea for companies and their employees in the hospitality sector and beyond.
Date of creation: 2018
Head office: Montpellier
Customers don’t always carry change. Especially since the pandemic as contactless payment really took off. This was an opportunity for Tipsi with its smart tip payment solution. The fintech has developed an application that can be embedded in a payment terminal or in a stand-alone kiosk. The first is marketed under the name TipsiPay, the second TipsiBox.
Founded in 2018 in Montpellier, the company targets the catering sector (cafés, bars, hotels and restaurants), hairdressers, barbers, beauty salons, tourist guides, etc. « Our market includes over 300,000 merchants in France alone », says Mathieu Auteroche, the company’s CEO.
The products developed by Tipsi have a host of advantages. Companies can transparently manage all their internal tip rules, while their employees can easily track what they are entitled to in real time and transfer their money to their bank account with a simple click. Tipsi’s solutions limit the circulation of cash, conflicts in tip distribution and also offer significant time saving in managing tips in teams.
Due to the pandemic, Tipsi could only start marketing its solutions in June 2021. However, to date, it has more than twenty clients and more than 200 employees who use it. « The initial figures show an increase in tips from 40% to 60%, depending on the establishment », emphasises Mathieu Auteroche, whose company now wants to fast track its development in view of the new finance law, which will exempt tips from taxation.
The company wants to raise €500,000 to intensify its technological and commercial development, in order to be able to approach the big names. AD’OCC is supporting it through its Occitanie Invest event.
« Its services are extremely professional and help us to prepare well for our fundraising while also bringing in leading investors », concludes Mathieu Auteroche.