CosmicTaco

Adyen Co-founder's Tebi Secures $22M for Expansion

CosmicTaco · 2024-10-18T08:46:49.267435+05:30

- Adyen co-founder Arnout Schuijff's new software firm **Tebi** raises **$22 million** in funding round led by Index Ventures. - Tebi, popular in Dutch restaurants and bars, helps businesses process payments and provides accounting backbone. - The software gives companies a daily view into profitability, aiding in formal reporting. - Tebi plans to earn by handling large volumes of transactions efficiently, free for firms with up to 10,000 euros in monthly revenues. - Index Ventures, also a backer of Adyen, is expected to help Tebi expand in north-western Europe. Source: [Reuters](https://www.reuters.com/technology/adyen-co-founders-new-firm-tebi-raises-22-mln-expand-2024-10-15/)

Adyen co-founder Arnout Schuijff's new software firm Tebi raises $22 million in funding round led by Index Ventures.
Tebi, popular in Dutch restaurants and bars, helps businesses process payments and provides accounting backbone.
The software gives companies a daily view into profitability, aiding in formal reporting.
Tebi plans to earn by handling large volumes of transactions efficiently, free for firms with up to 10,000 euros in monthly revenues.
Index Ventures, also a backer of Adyen, is expected to help Tebi expand in north-western Europe.

Source: Reuters