Categories: Investments

Tiller Raises $13.9M To Improve Digital Cash Register

French startup Tiller has raised $13.9 million (€12 million) in a Series B round, which will be used to further develop its digital cash register, as well as to expand into other locations.

According to reports, the round was led by Ring Capital, with Omnes Capital and existing investor 360 Capital Partners also participating.

The company has been working on a digital cash register for restaurants that works with an iPad and connects with multiple payment solutions.

At first sight, Tiller's app seems pretty common: Restaurant managers will be able to customize the menu and layout of the space to easily enter an order. Once the bill shows up, customers can pay using multiple payment methods, as well as keep track of what’s left to pay if they're splitting the check with others.

But Tiller's app is unique in that it can be configured and integrated with a variety of third-party services. Eateries can receive orders from Uber Eats or Lunchr, while bookings can be managed from TheFork and others.

For payment options, Tiller can be paired with a Sumup or Ingenico card reader to accept different cards and contactless payments, as well as Lydia, Lyf Pay and other mobile payment apps. Tiller will also attempt to automate a restaurant's accounting reports, and managers can even receive reports and revenue tracking based on the time of day or product category.

Waitstaff with iPhones or iPads can also use Tiller to capture orders.

Currently, most of Tiller’s 5,000 clients are based in France and Spain. The startup plans to use this most recent funding round to expand into additional European countries.

And this round could be just the beginning: Tiller still has the option to raise an additional $9.3 million (€8 million) to finance acquisitions, which would enable it to break into new markets.

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The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.