Dutch fintech start-up Tebi bags €20m Series A funding
Netherlands-based fintech start-up Tebi has secured €20 million in a Series A funding round led by UK VC firm Index Ventures.
Tebi lands $20 million Series A funding
Founded in 2021 by entrepreneurs including Adyen co-founder and ex-CTO Arnout Schuijff (Tebi’s CEO) and former Adyen EVP of Technology Rob Vonk (Tebi’s CTO), Tebi has developed a financial platform tailored to independent hospitality and retail businesses.
The firm’s mobile-first solution offers features for reservations, inventory management, QR ordering, bookkeeping, and integrated point-of-sale and payment capabilities.
The company says its app has been “built on an accounting backbone, providing a single source of truth for users’ financial data”.
“We’re at a moment in history when you can take your phone and start a business — without dedicated hardware or ugly, complicated software,” says Schuijff.
“Taking orders and payments, keeping stock, checking your realtime revenue across multiple locations: it can now all be done with a few taps, lowering the threshold to entrepreneurship considerably, and running on smartphones and commodity hardware setups that don’t cost an arm and a leg.”
The start-up, which is 15% employee-owned, offers revenue-based pricing, with the app free for users below a set revenue threshold and no extra charges for additional devices, users, or locations.
The start-up says its ambition is to bring “enterprise-level capabilities to the world of independent businesses with the intuitive experience of a consumer app”.
Tebi intends to use its first institutional investment to extend its reach beyond the Netherlands. Currently employing 30 staff at its Amsterdam headquarters, the company also aims to leverage its new funds to expand its workforce and broaden its product offerings beyond the hospitality and retail sectors.
