Tippy Closes $1.65 Million In Series B Funding

FORT LAUDERDALE, Fla., Jan. 2, 2019 /PRNewswire/ -- DirectTIPS LLC, parent company of Tippy, a disruptive, digital tipping application for the salon and spa industries, today announced it has closed $1.65 million in Series B funding, bringing its total funding to $3.15 million. The funding comes at a time when the company has completed both its partnership acquisitions and a successful beta. The proceeds raised will now support its nationwide roll out.

The funding was led by Doug Von Allmen, founder of Beauty Alliance (now SalonCentric), and The Lehigh Valley Angel Investors' Group. Other individuals involved include Pat Parenty, former President of L'Oréal's Professional Products Division, and Michael Caron, a private investor.

"The last 12 months have been spent building and testing our new POS agnostic product that allows for nationwide scalability," stated David Tashjian, CEO/President of Tippy.  "We've seen a tremendous response from the industry, and intend to be a leader in both increasing tips and educating salon professionals as to the additional benefits generated from use of our platform."

Tippy launched in early December and is already operating in 60 salons. Its focus is increasing tips for service professionals and depositing them into their personal bank accounts the next day. The Tippy mobile app is now available in the app stores, and the salon-based customer facing terminal is available at www.meettippy.com.

"We are excited to take this technology to the next level as we know first-hand how it is needed in the beauty industry," said Tippy CIO/Founder Terry McKim. "With this new funding we will be able to expand the offering and market the product to salons and spas at an increased rate."

"We believe in developing the skills and abilities of salon professionals, which fundamentally aligns with Tippy's mission and vision," said Tippy Board Member Pat Parenty. "We couldn't be more excited about the leadership position Tippy is taking within the industry, and look forward to an exciting 2019."

ABOUT DirectTIPS
DirectTIPS is the parent company of Tippy, a digital tipping system built for industry professionals by industry professionals. Tippy's disruptive technology offers a suite of tools reducing salon owners' processing fees and improving service providers' tips, helping them to meet and exceed financial goals. Tippy is headquartered in Ft. Lauderdale, FL. For more information, visit MeetTippy.com.

Contact: Bright Idea PR: Aimee Adler Cooke | 561-302-6902 | [email protected]

SOURCE Tippy

Related Links

http://meettippy.com