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TiPJAR is an global cashless tipping platform designed for hospitality staff & other tipped workers. They have a powerful, HMRC cleared, distribution engine empowering staff to control & share tips fairly & transparently. Already live in over 1650 venues in the UK, this is tipping, as it should be.

  • Launched in the US, with flagship Visa partnership.
  • Backed by Gary Dolman Co-Founder of Monzo
  • Live in over 1650 venues, 100,000 users already using the platform
  • Cleared by HMRC providing an alternative to a traditional tronc system

Idea

TiPJAR is a solution for customers to tip workers in <5 seconds via their phones. No app required. Initially designed for hospitality staff, now with other tipped workers such as buskers & hairdressers using the platform too.

We set out to solve:

1. Tipped workers are earning less each year as cash transactions reduce (Covid-19 supercharged this problem)

2. Businesses struggle under the burden of tax compliance & levels of transparency needed to manage tips

3. Consumer confidence in tipping is at an all-time low, with stories of major chains using service charges for their own benefit

We've used tech to allow customers to tip staff & groups of staff directly, this transparency gives consumers confidence that the money goes to who it was intended & removes the businesses’ liabilities, the burden of complying with tax legislation & reduces the cost of running a compliant tronc systems.

We've estimated the global tipping market to be worth a combined $100bn per year. We're the world’s first multi-currency, scalable solution, that allows us to work quickly to help solve this problem across multiple countries.

Since our first raise last year:

We received clearance from HMRC defining digital tips equivalent to cash, launched in the US with a partnership with Visa, launched in the EU, launched a dedicated tipping device 'TAP TO TIP' & became the first tipping solution to use open banking.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

TiPJAR has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.