TiPJAR successfully raised £300,000

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TiPJAR is a cashless & contactless tipping platform designed for hospitality staff. We have a powerful, legally compliant distribution engine that empowers staff to control & share their tips fairly & transparently but also takes the admin burden & risk away from business owners.

Perfect for safe post covid operation of Pubs, Restaurants & Cafes
Key clients include BrewDog, Honest Burger, Yard Sale Pizza & more
Saves administration time and costs for business owners
Tip staff & groups of staff directly with 100% transparency

Idea

TiPJAR provides a solution for guests to tip workers in under 8 seconds via their phones, with no app required. Designed for hospitality staff, but other tipped workers such as buskers & hairdressers are using it too.

TiPJAR set out to solve a few problems:

1. Tipped workers are earning less each year as cash transactions reduce.

2. Businesses struggle under the admin burden, 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.

By facilitating the direct payment of tips between customers & staff we remove the business or bar out of the equation, thus removing their liabilities, the burden of complying with tax legislation & reducing their costs of running a compliant tronc system.

We have estimated the global tipping market to be worth a combined $100 billion per year, TiPJAR is the worlds first multi-currency, scalable solution, that allows us to quickly solve this problem in multiple countries around the world.

We've already appointed a CEO in the US, with the aim of having live clients by November 2020, & have plans to expand across the EU and Australia.

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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.

Idea

To see the rest of the TiPJAR pitch, join now. It's free, quick and easy.

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