JustTip Boosts Funding

JustTip, the cashless tipping solution led by James Fahy and Ciara Walsh, successfully has closed a €1.1 million funding round. The investment is led by ComOp and Enterprise Ireland, bringing the total investment in the company to €2,100,000.

This funding milestone marks significant growth for JustTip, which has seen a 300% increase in business in 2024. Launched in 2021 by the now 23-year-old entrepreneurs James Fahy and Ciara Walsh, the Irish Fintech, with offices in Dublin and Manchester, continues to spearhead innovation in the hospitality sector.

JustTip addresses key challenges in the hospitality industry, including the rising costs, new legislation, and the need to automate core components in the business. The platform, used by over 600 merchants and 13,000 employees in Europe and the UK, ensures compliance with the recent legislation change in the UK, as well as the change to Ireland’s Payment of Wages (Amendment) (Tips and Gratuities) Act 2022. These laws require employers to show complete transparency on all tips, gratuities, and service charges to workers; as well as providing a detailed breakdown of electronic tips and their distribution.

“All tips generated through our systems are collected, pooled, and distributed weekly directly to the employees’ bank accounts, bypassing the employer completely. This ensures transparency and fairness, empowering employees with tools to ensure that tips left for them, go to them; while also streamlining processes for employers,” said James Fahy.

Since launching, the founders, who have been named in the Sunday Independent “30 under 30” list and more recently in “TechRound 100”, have brought the platform to new levels, winning “FS Challenger of the Year”, as well as “National Start-up of the Year”.