Firmin in Dutch fees Ient Now there is a cap in the market over $ 61 billion, but that does not prevent its green period Arnout Schuijff FROM Stepping down Of 2021 to focus on his new start, you.
Today a fintech-based amster has begun 35 employees, Tebi helps restaurants, bars and other hotstones platforms, control payments, reservations, inventory, and more.
This means that Tebi has many competitors, from POS systems to match platforms and analysis care for inventory optimization. But hoping to have an advantage by tying everyone with business and price functions.
To a casual observer, it appears as an object that adyen can do. But enterprise focus is given, building a product for SMBS is better to be outside, as Schuijff. “That’s more logical step for me than trying and doing it inside the idyen context.”
However, Tebi did not intend to fill in a gap left in idyen. Neither meant to find a new role for Schuijff, staying in his CTO role after 2018 IPO that makes him a billionaireat least on paper. “My step is a positive way. I don’t have to go. I’m still happy with my job,” he remembered.
However, lost him, coding; And this code motivation is Tebi born. During Covid Lockdown, Schuijff decided to change his attempts easier for his favorite bar to carry the added amount.
At a tech level, it is similar to the accounting platform he built for idyen, and before that, for bivit, bivit owned lamb Obtained in 2004. But at 2020, Schuijff had many tools he had handed. Using streaming, he / she supports instant transaction updates – and he took it.
From the company’s side project
While this is not the case in the Netherlands, “you see a step toward the tax departments that require immediate reporting when the sale is taking place,” Schuijff said. But more than many, he saw the need for less manual reconciliation work. The bar also confirmed it to the bar that Mazdak Nasori, became one of the five weunders in Tebi.
Eventually, Schuijff told the Adyen CEO Pieter van Der he left to focus on Tebi full-time. But his purpose is not to build another bump or adyen, and nothing. “It is only encouraging me to coding and by the opportunity to contribute to something in society in another way by helping many local business owners,” Schuijff told Techcrunch.
As the CEO of Tebi, Schuijff’s role was not involved in many programming, and irony did not lose him. “I miss doing coding, but I know I can add more value and increase the timeliness of Tebi by making a CEO needed to do, helping the team’s strategy and all these things.”
One of the things is to sell. If he goes out to eat or drink, Schuijff can’t talk to the owners about their pain points, check what they use, and introduce Tebi. “I think I did them, almost,” he laughed.
However, forces involving forces with former Adyen EVP technology Rob Vonk as made by CTO in Tebi for a tech-heavy team that should be balanced. So he also hired Tas Tas as Cook, which was headed with the business strategy and operation of the idea, and was recruited with Patrick Sudenener, as CCO, was coo in Wolt. “Now we have been able to level the boat and began to focus on commercial side and the development of the side.”
Means for expansion
After using a hyperlocal deployment of Tebi now available in the Netherlands, which says these merchants processing nine payment numbers per year on the platform. With open roles in Amsterdam and London and plan twice the end of the year, the next step is to start service in the UK market, followed by the years, “Schuijff said.
This rollout is supported by funding. Eight months after raising a € 20 million series a Led by index efforts (approximately $ 22 million), Tebi now closed a € 30 million investment (approximately $ 34 million.) Led CapitalThe Google Parent Alpos Alpos Alposal’s growth of funds, with participation from the index, it brings overall funds to € 56 million (about $ 64 million).
Although San Francisco-based, the mate of defeat Alex Nichols is a true Themsis driven investor with Europe with his radar. She recently brought an agreement In Belgian Startup Odoooinvolving a portfolio that includes Monzo and Pennyne. He is looking for Tebi after observing that European SMMs entered in expensive, bank payment solutions.
“This setup is similar to the US market 15 years ago before the increase in software payments reduced to the bank upon the bank by 30%” he told Techcrunch to a written comment.
Nichols did his research was finally winning the capital agreement, in addition to all “touch peferties such as Android, Gemini, Google Maps.” We didn’t seek out more than money, “says Schuijff.
The money in question is more than international expansion of Tebi. It will also allow additional AI features, plus what is implemented for onboarding to automatically pull menu, identification settings and reservations. “The vision of the future,” says Schuijff, that is upon all this platform, there is “a platform AI helping you increase your business.”
The construction of this vision and expansion of Europe will take Tebi’s bandwidth for a moment. But after that, and “when we are confident we can get an important part of the market there,” the US expansion is on the cards.
