Like what we're doing? We'd love you to be part of the journey.
Tip4 is part of the wider Payment Guru family, and one string of our bow. We are actively raising currently and hoping to close a round shortly.
“Our goal and mission statement is to increase staff tips, save businesses money, keep staff happy, and improve systems and increase compliancy.”
For us, tipping and payment solutions allow us to fulfil some great news stories, and to truly help our customers. Our customers are mostly small businesses — small businesses are the backbone of the UK economy. Our goal is to democratise enterprise-grade solutions for SMEs in payments, integrations, and tipping compliancy (and tax breaks).
Many smaller businesses are wholly unaware of the tax benefits a well organised and supported tipping solution can bring.
Prior to the Tipping Act, it was believed £200m a year was historically withheld by businesses in tips. With 2m+ workers receiving tips in the UK, and 80% of tipping happening by card, this is a significant and growing market.
Source: www.gov.uk
Businesses now have to navigate a number of pieces of legislation in order to stay compliant and avoid potential fines at tribunals:
This is a lot of money, red tape, and confusion for small businesses to handle — businesses who don't have the knowledge, time, or manpower to cope, in what is already a challenging environment.
We have some unique features (and more coming) to make us stand out in this space, and to help us grow both organically and through partnerships — partnerships which have been built over several years prior, through hospitality, EPOS, and payments.
"We hope to help sort British hospitality, pubs, salons, and SMEs as a whole to drive their businesses forward, keep their staff happy, keep their doors open, and help the economy bounce back."
True stakeholder capitalism — and we would love you to be part of the team.
