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Adyen Founder’s Hospitality Startup, Tebi, Raises $34 Million

  • Tebi, a FinTech launched by Adyen co-founder Arnout Schuijff, raised 30 million euros (about $34 million) in a Series B funding round led by CapitalG, Google’s growth fund.
  • The funding will help Tebi develop its hospitality management platform, offering solutions to unify point of sale, payments, kitchen displays, reservations, inventory, and bookkeeping with an accounting architecture called 'subledgers'.
  • Tebi aims to streamline workflows in the hospitality industry using artificial intelligence to enhance efficiency and customer experience.
  • The funding comes at a time when POS technology is evolving to enable payments anywhere on the premises, offering embedded financing and various payment options to boost sales conversions and enhance the shopping experience.

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