Tebi, a comprehensive financial platform based in Amsterdam, has achieved a significant milestone. The company successfully raised €20 million to facilitate its expansion beyond Dutch borders.
This capital injection, led by Index Ventures, is poised to accelerate Tebi’s product development and global reach. Founded by Adyen alumni, Tebi positions itself as an all-encompassing solution for the retail and hospitality sectors.
Strategic Leadership and Vision
Tebi was founded by a cadre of creative business owners and seasoned entrepreneurs in 2021, including Arnout Schuijff and Rob Vonk, notable figures from Adyen. Their vision was driven by a commitment to elevate independent retailers and cafes using a powerful, comprehensive financial tool.
Arnout Schuijff, serving as Tebi’s CEO, began this venture inspired by the challenges faced by small business owners. What started as a project to help a friend grew into a system processing over €100 million annually, reflecting the team’s capabilities and their product’s effectiveness.
Comprehensive Financial Tools
Tebi offers a mobile-centric approach, integrating various features like payments, reservations, and inventory management into a single platform. The solution’s unique pricing model is linked to the merchant’s monthly revenue, providing cost-effectiveness for smaller operations.
The platform’s inclusivity extends to its free access for businesses under a specific revenue bracket. With no additional costs for extra devices or users, Tebi aligns its success with that of its clientele, fostering mutual growth and understanding.
Innovative Business Model
Tebi’s innovative approach provides a singular financial ‘backbone’ for businesses, consolidating crucial data into one accessible format.
This model empowers independent businesses by aligning features and costs with merchant needs, ensuring scalability and support without the burden of traditional contractual obligations.
The company’s commitment to nurturing local enterprises highlights its dedication to sustaining businesses that enrich culture and community.
Expanding Horizons with New Funding
With the newly acquired €20 million, Tebi plans to methodically expand its workforce and enhance its product reach beyond hospitality and retail sectors.
Index Ventures’ involvement underscores confidence in Tebi’s strategy, emphasizing the potential for establishing new industry standards and fostering international competitiveness.
Employee-Centered Equity
Tebi’s workforce is uniquely invested in the company’s future, holding 15% equity and demonstrating the company’s inclusive ethos.
This employee ownership model not only fosters loyalty but encourages innovation, ensuring that product development aligns closely with user needs and expectations.
Such a model serves as a testament to Tebi’s focus on not just financial success but holistic company growth, setting industry precedents in aligning stakeholder interests.
Simplified User Experience
Feedback from users like Xander Waller, who operates a restaurant in Amsterdam, attests to Tebi’s easy-to-use interface. It’s compared to intuitive devices like the iPhone, requiring minimal explanation for employees.
The platform minimizes revenue loss by streamlining operations across various roles, ensuring clarity and efficiency in service delivery, which is crucial in a fast-paced hospitality environment.
Future Prospects for Independent Businesses
Tebi aims to level the playing field for small businesses by providing them access to tools typically reserved for larger enterprises.
Their goal is to free business owners to focus on creativity and passion, supporting sustainable operations that revitalise community spaces.
Tebi’s strategic funding and innovative platform position it as a transformative force for independent businesses worldwide.
With the backing of significant investors and a strong leadership team, Tebi is set to redefine the standards of business financial operations, fostering resilience and growth.
