TiPJAR

TiPJAR is a global cashless tipping platform that allows users to tip hospitality staff, buskers and hairdressers using 'Open Banking'. The company points out that tipped workers are earning less each year as cash transactions reduce, with Covid-19 having furthered this problem. It claims to have a powerful distribution engine empowering staff to control and share tips fairly and transparently. TiPJAR argues that its portal has been approved by Her Majesty's Revenue and Customs (HMRC) as an alternative to the traditional tronc system. The company asserts that its app is already live in over 1650 venues, with over 100,000 users using the platform. The company aspires to dominate the estimated global tipping market worth a combined $100 billion per year. TiPJAR stresses that it is also the world’s first multi-currency, scalable solution that works in multiple countries. They state they will use the investment received to prepare the business for rapid scale-up growth.

TiPJAR Rating Review

Pitch rating powered by CROWDRATING™

Rated on 19/08/2021

Pitch Rated

53%

Insufficient Data

Management

84%

Product

76%

Investment

UNRATED*

* Section unrated owing to insufficient or incomplete information available at the time of rating.

£11,038,736
pre-money valuation

10.91%
equity available

1,180
investors

£1,141
pledge per investor

11588402
company number

Active
company status

25/09/2018
incorporated 6 years

£5.92
share price

Previous Funding rounds

28 Apr 24	Crowdcube	£1,346,659 / 337%	53.33%
28 Apr 24	Crowdcube	£699,748 / 233%	83.00%

Officers

Alexander James Derek MOORE
Appointed: 03-12-2020

Alexander James Derek MOORE
Appointed: 26-11-2018

News

TiPJAR Triumphs over Twitter in Trademark Showdown - Fintech Finance
09/08/2023 Fintech Finance

HMRC clears TiPJAR for “tipping and tronc revolution” - Restaurant
15/02/2021 Restaurant

Monzo co-founder joins cashless tipping firm TiPJAR - BusinessCloud
26/03/2021 BusinessCloud

TiPJAR set to expand to restaurants including Honest Burgers and Red's True Barbecue following trial period - Restaurant
26/09/2019 Restaurant

What you need to know about TiPJAR and Elon Musk's X intellectual property rights battle - IBTimes UK
16/08/2023 IBTimes UK

Valuations in Technology

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What the ratings mean

49% and under
We suggest potential investors carry out further study of their own 50-64%
Room for improvement 65-79%
Worth considering 80%+
Gold rating, our highest rating

RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.

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Management 84%

Skills 73%

TiPJAR was founded by hospitality leaders passionate about the sector and is managed by a diverse and qualified team that includes specialists in entrepreneurship, technology, finance, and marketing. As per the profiles listed publicly and on LinkedIn, the Founder is skilled in food and beverages, hospitality management, new business development, marketing strategy, event planning, and hotel management. The CEO is well versed in business planning, change management, business transformation, organisational development, management consulting, and talent management. He leads the team to bring the code, ideas, and concept alive for the users and customers. The CTO is a senior technology leader, solution architect, and software developer. He is skilled in agile methodologies, software project management, cloud computing, test-driven development, software quality assurance, and continuous integration. The Chairman has deep domain experience in content strategy, direct marketing, online advertising, corporate branding, integrated marketing, and strategic partnerships. The CFO is an expert in investment management, corporate development, venture capital, financial analysis, alternative investment, structured finance, and equity capital markets.

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