Tebi
Overview
Tebi is a financial technology company that provides an all-in-one platform for independent hospitality and retail businesses. The company was founded in 2021 by Arnout Schuijff, the co-founder of Adyen, Rob Vonk, alongside Greta Castellana, Thijs van Himbergen, and Mazdak Nasori. It is headquartered in Amsterdam, Netherlands, and has raised €20 million in Series A funding led by Index Ventures. Tebi's platform offers tools such as point of sale, payments, inventory management, a kitchen display system, reservations, QR ordering, and bookkeeping, aiming to simplify business processes for small and medium-sized enterprises.
Recent Developments
- October 2024: Tebi raised €20 million in a Series A round led by Index Ventures. This funding aims to fuel Tebi’s expansion beyond the Netherlands, targeting North-Western Europe, and further product development to meet global market demands (Fortune).
- Mid-2024: The company reported plans to enhance its multi-location operational platform. Tebi seeks to enable businesses to manage orders, payments, and inventory using a smartphone app interface, enhancing the real-time financial data reporting (Reuters).
- Early 2024: Tebi launched features aimed at improving ease of use and efficiency for hospitality businesses, embedding functionalities such as a single codebase for rapid software updates across mobile platforms.
- October 2023: Tebi's introduction into the competitive payment systems market was marked by their strategic positioning as a cost-effective solution for businesses with their unique revenue-based pricing model(Tech.eu).
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2021 |
| Headquarters | Amsterdam, Netherlands |
| Founders | Arnout Schuijff, Rob Vonk, Greta Castellana, Thijs van Himbergen, Mazdak Nasori |
| Key Investors | Index Ventures |
| Industry | Financial Technology |
| Number of Employees | 30 |
Early History
Tebi originated from an idea Arnout Schuijff developed while he was still at Adyen. In 2012, Schuijff created a sales app for a friend to manage a pub’s transactions. Recognizing the struggle of independent businesses with fragmented financial solutions, Schuijff saw potential in creating an integrated platform that could provide comprehensive, user-friendly financial services. Along with co-founders Rob Vonk and others, Tebi was established in 2021. The company successfully processed over €100 million annually, addressing the core needs of hospitality and retail sectors.
Company Profile and Achievements
Tebi operates with a unique value proposition: providing enterprise-level capabilities while ensuring ease of access comparable to consumer mobile applications.
- 2012-2018: Initiated as a side project by Schuijff; developed further by integrating feedback from users.
- 2021: Officially founded, with the aim of simplifying business operations for SMEs in hospitality.
- 2023: Processing over €100 million in transactions yearly, reflecting robust adoption among SMEs.
- 2024: Secured €20 million in Series A funding, validating its innovative platform and growth strategy.
Notably, Tebi’s structured approach anchors the platform on a sophisticated accounting foundation, enabling real-time profitability insights for its users. Through continuous software enhancements, driven by user feedback, Tebi promises a holistic financial environment for its clients—eschewing the complexity of multiple software dependencies.
Current Operations and Market Position
Today, Tebi is recognized for its straightforward, comprehensive platform that replaces numerous fragmented financial tools within the sectors it serves. Tebi distinguishes itself by offering:
- Seamless Integration: Covering the entire business process from point of sale to inventory management.
- Cost-Effective Solutions: The pricing model ties costs to revenue, thus allowing smaller businesses to benefit without significant financial burdens.
- User-Centric Design: Maximizes ease of use, similar to smartphone applications, to foster efficiency within fast-paced business environments.
- Global Expansion Ambitions: With their recent funding, Tebi aims to enter new markets, reinforcing its footprint, and supporting SMEs beyond the Netherlands.
Related Topics
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Conclusion
As Tebi continues to expand and innovate, its influence on independent SME finance management is poised for substantial growth. By leveraging the founders' practical fintech experience and focusing on underserved market segments, Tebi can redefine technological support for SMEs globally. Its vision of providing a comprehensive, intuitive operations platform makes Tebi a critical player in the European fintech landscape, with potential for global impact as the company aims to extend its services beyond its native region.