JustTip, the innovative cashless tipping solution co-founded by James Fahy and Ciara Walsh, achieved a significant milestone by successfully closing a €1.1 million funding round in September of last year. The investment was led by ComOp and Enterprise Ireland, bringing the total investment in the company to €2,100,000. This funding round marked a momentous growth for JustTip, as the company experienced a remarkable 300%+ increase in business in 2024.
Launched in 2021 by the young entrepreneurs James Fahy and Ciara Walsh, JustTip, an Irish Fintech company with offices in Dublin and Manchester, is at the forefront of driving innovation in the hospitality sector. The platform addresses critical challenges faced by the industry, such as escalating costs, evolving legislation, and the need for automating core business functions. Currently utilized by over 600+ merchants and 13,000 employees across Europe and the UK, JustTip ensures compliance with recent legislative changes in both the UK and Ireland. These laws mandate employers to maintain complete transparency regarding tips, gratuities, and service charges to their workers, including a detailed breakdown of electronic tips and their distribution.
James Fahy, Co-Founder and CEO of JustTip, explained, “All tips generated through our systems are collected, pooled, and distributed weekly directly to the employees’ bank accounts, bypassing the employer entirely. This model promotes transparency and fairness, empowering employees to receive the tips intended for them, while simplifying processes for employers.” Since its inception, JustTip has garnered recognition for its achievements, with Fahy and Walsh being named in notable lists such as the Sunday Independent ’30 under 30′ and ‘TechRound 100’. The platform has also received accolades such as ‘FS Challenger of the Year’ and ‘National Start-up of the Year’, underscoring its rapid adoption and exponential growth.
The recent funding secured by JustTip will facilitate the company’s expansion across the UK, strengthen relationships within the hospitality industry, and expedite product innovation and team growth. Fahy emphasized, “As the hospitality sector embraces digital transformation, JustTip remains dedicated to driving innovation and setting new benchmarks for excellence. This investment signifies a vote of confidence in our vision and will propel our continued growth into 2025 and beyond.” Glen Magee of ComOp, representing the lead investors, lauded JustTip’s exceptional leadership team and their commitment to product and geographical expansion, expressing excitement about the company’s future prospects.
Karen Cohalan, Head of Fintech, Financial and Business Services at Enterprise Ireland, commended JustTip for its cutting-edge fintech solution, highlighting how Irish companies like JustTip are addressing global challenges through innovative products and services. The investment round will support JustTip’s global market expansion, as well as drive innovation and growth within the company. Enterprise Ireland, a staunch supporter of Irish-owned companies, recognized JustTip’s accomplishments by awarding them the 2024 Enterprise Ireland Student Entrepreneur Awards.
Earlier this year, JustTip introduced a new offering, JustTip Flex, a mobile tipping solution tailored for restaurants, pubs, and hotels that offer table service. By enabling customers to tip independently of their bill, JustTip Flex boosts tip earnings for servers and ensures alignment with the latest regulations. To learn more about JustTip and its seamless cashless solution for businesses and employees, visit their website.
In conclusion, JustTip’s recent funding success underscores its commitment to innovation, growth, and excellence in the hospitality sector. With a strong leadership team, a focus on compliance and transparency, and a track record of accolades and recognition, JustTip is well-positioned to continue its expansion and make a lasting impact on the industry.