Tiller Systems (software)

Last updated

Tiller Systems is a cloud-based iPad point of sale (POS) software company headquartered in Paris, France. [1] Since February 2021, it has been a subsidiary of the mobile payments company known as SumUp.



March 2014 : The company was created by 4 co-founders Josef Bovet, Scott Gordon, Dimitri Farber and Vincent Oliveira backed by several accelerator programs including NUMA, Startup 42 and ESSEC incubator.

January 2015 : Tiller raised a first round of funding around 100K€ with friends and family in order to start building the product.

April 2015 : Tiller launched commercially and onboard its first clients.

January 2016 : Tiller onboard its first larger accounts as clients among whom Les Fournils de France, a leading bakery chain in France and Monoprix, a leading retailer in France.

April 2016 : Tiller raises a new round of funding (series A) of 4.5 million euros with 360 Capital Partners, a French-Italian investment fund (invested in Withings, Le Slip Français, Foodchéri...) and a group of business angels among whom Thierry Petit (CEO of Showroom Privé), Damien Guermonprez (CEO of Lemon Way), Céline Lazorthes (Founder and CEO of Leetchi and Mangopay, acquired by the bank Crédit Mutuel Arkéa) and Edouardo Ronzano (Founder of Keldoc). This fundraising aimed at strengthening the Tiller team and hiring 100 people in France and in other targeted countries.

January 2017 : Tiller opened offices in Barcelona in order to take on the Spanish market with its POS. A year after the launch, Tiller owns 20% market share on the digital POS market and represents a team of 30 people.

February 2017 : Tiller hired key talents to join its management team among whom Ilham Guerriouni (ex-CFO of Dailymotion) as the global Chief Financial Officer and Christelle Weber (ex-HR Director) as the global Chief People Officer.

September 2017 : Tiller launched La Frégate, the first accelerator program dedicated to entrepreneurs of the restaurant world. This brand new program supports entrepreneurs who want to create one or several restaurants by helping them on their business and culinary challenges, including the business plan, the menu definition, the food providers selection or the communication plan. Companies like Transgourmet, Unilever Food Solutions, Mazars or Rational partnered with La Frégate to help these future restaurant owners before they launch.

October 2017 : Tiller is officially compliant to the new French regulation (law Sapin) by obtaining the certification NF525.

May 2018 : Tiller launched Tiller Live, a mobile-app allowing merchants to monitor their key metrics in real time.

February 2021: Tiller gets acquired by the London-based mobile payments company SumUp. [2]

Related Research Articles

<span class="mw-page-title-main">Point of sale</span> Time and place where a retail transaction is completed

The point of sale (POS) or point of purchase (POP) is the time and place where a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer, and indicates the options for the customer to make payment. It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. After receiving payment, the merchant may issue a receipt for the transaction, which is usually printed but can also be dispensed with or sent electronically.

Business incubator is an organization that helps startup companies and individual entrepreneurs to develop their businesses by providing a fullscale range of services starting with management training and office space and ending with venture capital financing. The National Business Incubation Association (NBIA) defines business incubators as a catalyst tool for either regional or national economic development. NBIA categorizes its members' incubators by the following five incubator types: academic institutions; non-profit development corporations; for-profit property development ventures; venture capital firms, and a combination of the above.

<span class="mw-page-title-main">Y Combinator</span> American startup accelerator

Y Combinator (YC) is an American technology startup accelerator launched in March 2005. It has been used to launch more than 3,000 companies, including Airbnb, Coinbase, Cruise, DoorDash, Dropbox, Instacart, Quora, PagerDuty, Reddit, Stripe and Twitch. The combined valuation of the top YC companies was more than $300 billion by January 2021. The company's accelerator program started in Boston and Mountain View, expanded to San Francisco in 2019, and has been entirely online since the start of the COVID-19 pandemic. Forbes characterized the company in 2012 as one of the most successful startup accelerators in Silicon Valley.

First Data Corporation is a financial services company headquartered in Atlanta, Georgia, United States. The company's STAR Network provided nationwide domestic debit acceptance at more than 2 million retail POS, ATM, and Online outlets for nearly a third of all U.S. debit cards.

Openbravo is a Spanish cloud-based software provider specializing in retail and restaurants; formerly known as a horizontal open source ERP software vendor for different industries. The head office of Openbravo is located in Pamplona, Spain. Openbravo also has offices in Barcelona and Lille. The company's main product is Openbravo Commerce Cloud, a cloud-based omnichannel platform.

Athenahealth is a private American company that provides network-enabled services for healthcare and point-of-care mobile apps in the United States.

<span class="mw-page-title-main">Revel Systems</span>

Revel Systems is an iPad-based point of sale system co-founded by Lisa Falzone and Christopher Ciabarra. It is now majority owned by private equity firm Welsh, Carson, Anderson & Stowe.

Taskrabbit Inc is an online and mobile marketplace that matches freelance labor with local demand, allowing consumers to find help with everyday tasks, including furniture assembly, moving, delivery and handyman work. Founded in 2008 by Leah Busque, the company has received $37.7 million in funding as of 2012 and currently has tens of thousands of "Taskers" available to help consumers across a wide variety of categories. Busque founded Taskrabbit when she had no time to buy dog food, basing it on the idea of "neighbors helping neighbors". In 2017, Taskrabbit was acquired by INGKA group (IKEA). In 2022, TaskRabbit announced that they would close their physical offices, including their San Francisco headquarters, and transition to becoming a remote-first company. This was part of a wave of several major tech companies closing headquarters in SF in the wake of the COVID-19 pandemic.

FreedomPay is a company that provides payments platform as a service. It was founded in 2000 and is currently located in Philadelphia, Pennsylvania. In early 2000, FreedomPay launched mobile payment "proof of concepts" with enterprises such as McDonald's, Bank of America and Visa. Later in 2004, FreedomPay delivered a closed loop payment system for stored value and voucher systems to the markets in the food service industry.

<span class="mw-page-title-main">SOSV</span> Venture capital firm

SOSV is a venture capital and investment management firm that provides seed, venture and growth stage funding to startups in the technology sector. The company conducts seed accelerator programs in Europe, Asia and the United States of America.

Zoomcar is an Indian car sharing platform, headquartered in Bangalore. The company was founded in 2013 by David Back and Greg Moran. It currently operates in 34+ cities.

WorkMarket is a New York City-based company that provides an online platform and marketplace for businesses to manage contingent workers and IT talent. The company was founded in May 2010 by Jeffrey Leventhal.

<span class="mw-page-title-main">Lightspeed (company)</span>

Lightspeed Commerce is a point-of-sale and e-commerce software provider based in Montreal, Quebec, Canada. It was founded in 2005 by Dax da Silva who served as the CEO of the company until February 2, 2022. It has offices in Montreal, New York, Ottawa, Toronto, Belfast, Amsterdam and Ghent. It offers its services to retail, restaurant, and hospitality businesses.

Taizo Son is a Japanese businessman of Korean ancestry. He is CEO of Mistletoe, a company that he founded in 2013, and chairman of mobile gaming company GungHo, which he founded in 2002. GungHo's market value in 2013 was $10.4 billion, making Son a billionaire. He is the youngest brother of SoftBank magnate Masayoshi Son.

Toast, Inc. is a cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.

<span class="mw-page-title-main">SumUp</span> Financial technology company

SumUp is a global financial technology company headquartered in London, United Kingdom. SumUp supports more than 3.5 million merchants in over 30 markets worldwide, and operates a product suite of tailor-made business tools created specifically for the micro and nano segment.

PhonePe is an Indian digital payments and financial technology company headquartered in Bengaluru, Karnataka, India. PhonePe was founded in December 2015, by Sameer Nigam, Rahul Chari and Burzin Engineer. The PhonePe app, based on the Unified Payments Interface (UPI), went live in August 2016. It is owned by Flipkart, a subsidiary of Walmart.

ChowNow is an online food ordering platform that connects customers with local restaurants. Christopher Webb and Eric Jaffe, American entrepreneurs, founded the company in 2011 with headquarters in Los Angeles, California.

<span class="mw-page-title-main">Tania Habimana</span>

Tania Habimana is a Rwandan Belgian entrepreneur and television presenter.

<span class="mw-page-title-main">Entrepreneurs Roundtable Accelerator</span> NYC technology startup seed accelerator

Entrepreneurs Roundtable Accelerator is an American seed accelerator launched in January 2011.


  1. "La caisse enregistreuse. Réinventée" (PDF). www.tillersystems.com. Retrieved 2017-03-05.
  2. Taffin, Anne. "SumUp acquiert Tiller pour être prête à la réouverture des restaurants". Maddyness (in French). Retrieved 2021-02-03.