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.