DirectTIPS Operations, LLC

DirectTIPS Operations, LLC offers a digital tipping platform that enhances the tipping experience for service professionals through innovative technology solutions, making tipping seamless and efficient across various industries. DirectTIPS Operations, LLC, founded in 2016 in Fort Lauderdale, US, specializes in developing digital tipping solutions. The company has engaged in three deals, with the most recent being a Series B funding round in January 2019, raising USD 1. 65 mn from The Lehigh Valley Angel Investors and other individual investors.

The CEO of the company is David Tashjian, while its founder is Terry McKim, who has previously founded other ventures. Tippy specializes in providing a digital tipping platform that facilitates seamless tipping experiences for a wide range of service professionals, including pet groomers, fitness instructors, servers, auto technicians, and stylists. Their core products include a stand-alone tipping kiosk with unique QR codes, links, and NFC technology for convenient tipping, as well as a Point of Sale integration solution that enhances customer checkout experiences. Tippy addresses the challenges of traditional tipping methods, allowing service providers to receive tips instantly without processing fees and catering to businesses in both urban and suburban markets across the United States.

Tippy generates revenue through partnerships with businesses and service providers, enabling direct transactions for tipping. Their solutions are integrated into various Point of Sale systems, creating a cohesive payment experience. The business model prioritizes direct relationships with service professionals, potentially incorporating subscription-based services or transactional fees associated with their kiosks. Specific pricing plans or fee structures for their tipping solutions are established to ensure profitability for both Tippy and its clients.

In January 2019, DirectTIPS Operations, LLC raised USD 1. 65 mn in Series B funding to support its growth initiatives. The company is exploring the development of new products aimed at enhancing its digital tipping solutions, although specific launch dates have not been disclosed. Plans to expand into new markets or geographic regions are underway, focusing on increasing presence in diverse urban areas throughout the United States.

The recent funding will be utilized to bolster product development and facilitate strategic expansion efforts.