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Irish cashless tipping firm JustTip has secured €1.1 million in a funding round led by ComOp and Enterprise Ireland.
The latest investment brings the company’s total funding to €2.1 million. JustTip has seen rapid growth in 2024, with business increasing by over 300%.
Founded in 2021 by James Fahy and Ciara Walsh, JustTip operates from offices in Dublin and Manchester. The company addresses key challenges in the hospitality sector, including rising costs, new legislative requirements and "the need to automate core component in the business". The platform is used by over 600 merchants and 13,000 employees across Europe and the UK.
JustTip's co-founder and CEO, James Fahy, said: “All tips generated through our systems are collected, pooled, and distributed weekly directly to the employees’ bank accounts bypassing the employer completely. This ensures transparency and fairness, empowering employees with tools to ensure that tips left for them go to them; while also streamlining processes for employers.”
He continued: "The newly secured funding will continue the platform’s expansion across the UK, foster deeper relationships within the hospitality industry, and accelerate the company’s product innovation and team growth".
“As the hospitality industry continues to embrace digital transformation, JustTip remains committed to driving innovation and setting new standards for excellence. This investment is a huge vote of confidence in our vision and will enable us to continue our rapid growth into 2025 and beyond.”
Karen Cohalan, head of fintech, financial and business services at Enterprise Ireland, added:“JustTip and its innovative fintech solution is a prime example of how cutting-edge products and services from pioneering Irish owned companies are delivering solutions for global challenges. This investment round will support the company’s expansion in global markets, as well as accelerating its innovation and growth."
Top image: © JustTip
#JustTip #cashlesstipping
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