Kickfin
Overview
Kickfin is a leading fintech company specializing in digital tip management solutions predominantly for the hospitality industry. Founded in 2017 and based in Austin, Texas, the company was co-founded by Brian Hassan and Justin Roberts. Kickfin has successfully raised $11 million in funding as of its last known round and has integrated its software with major point-of-sale (POS) systems to streamline and modernize tip distribution in real-time, directly to employees’ bank accounts.
Recent Developments
- January 30, 2025: Kickfin announced an integration with RPOWER POS, allowing restaurants, bars, and nightlife venues to automate their tip distribution directly to employees' bank accounts, eliminating the need for cash. This integration marks a key development in enhancing operational efficiency and maintaining compliance across complex tip calculations. Source
- December 3, 2024: Kickfin was ranked 65th on the Deloitte Technology Fast 500 list, recognizing its significant revenue growth driven by demand for automation in tip management and product innovation. The company reported a 2,144% growth making it one of the fastest-growing restaurant tech companies. Source
- September 25, 2024: The company launched a new integration with PAR POS, enabling automated tip pooling and payout in real-time. This development is aimed at enhancing tip calculation and ensuring compliance with regulatory environments. Source
- August 28, 2024: Kickfin was recognized in the Inc. 5000 list, ranking in the top 3% of the fastest-growing companies. It reported significant growth despite economic challenges, emphasizing its pivotal role in the digital tip management ecosystem. Source
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2017 |
| Headquarters | Austin, Texas, USA |
| Founders | Brian Hassan and Justin Roberts |
| Revenue | Estimated growth rate of 2,144% as of 2024 |
| Profits | Not publicly disclosed |
| Key Investors | Silverton Partners, Acronym Venture Capital |
| Industry | Financial Technology (FinTech) |
| Number of Employees | Approximately 15 as of December 2021 |
Early History
Kickfin was established with the mission to revolutionize how tips are managed in the hospitality sector. Founders Brian Hassan and Justin Roberts identified a need to shift away from traditional cash-based tip management to a more secure, efficient, and transparent digital solution. The company launched its flagship product in 2017, offering real-time, cashless tip disbursement directly to employees’ bank accounts, thereby eliminating many inefficiencies associated with cash handling and manual calculations. Early adoption by prominent food service brands helped establish Kickfin as a pioneer in digital gratuity management.
Company Profile and Achievements
From its inception in 2017, Kickfin quickly became a leader in digital tip management software, setting industry standards in secure and efficient tip allocation. The company's software features robust integration capabilities with major POS systems like Toast, SkyTab, Oracle, and PAR, allowing seamless implementation across varied hospitality environments.
- Kickfin's business model revolves around providing a comprehensive solution that removes the dependency on cash for tipping purposes, offering automated payout systems that ensure transparency and ease of accounting.
- The company has processed over $2 billion in tip payouts, reinforcing its position as a reliable provider in the fintech space.
- Kickfin's recognition in the Deloitte Technology Fast 500 and the Inc. 5000 highlights its exceptional growth trajectory and commitment to innovation.
- Notable partnerships with large-scale restaurant chains such as Walk-On's, Marco's Pizza, and Bar Louie underscore its widespread acceptance and efficacy in streamlining tip management.
Current Operations and Market Position
Kickfin continues to expand its market footprint by aligning with more POS systems and innovating its product offerings. The company's solutions have significantly reduced the administrative burden and errors associated with manual tip distribution, making it a sought-after partner within the hospitality industry. With the increasing shift towards cashless transactions in the service sector, Kickfin is well-positioned to capture a larger market share, leveraging its user-friendly, compliant, and customizable solutions. It remains committed to enhancing the operational efficiency of its clients by steadily expanding integration capabilities and adapting to evolving industry needs.
Conclusion
Kickfin has established itself as a critical player in the fintech landscape for hospitality businesses, providing cutting-edge solutions that address longstanding inefficiencies in tip management. Through strategic partnerships and continuous product innovation, the company is poised to further its influence in the industry, offering clients automated, secure, and transparent methodologies for tip distribution. As the hospitality sector increasingly moves towards digital solutions, Kickfin's commitment to excellence positions it as a leader driven by customer success and operational integrity.