Can you please where are you doing beta testing or rolled out in production? Second what are your revenue projections for this year? Third, what growth trajectory are you anticipating for this year and plans to rollout?

Hi Varun, we are in production now with 8 hotel properties. We expect to generate monthly revenue of about $5,000 within the next few months. We have over 80 new locations in the pipeline for rollout this year. Thanks for the question.

Hi Eric, how does Uptip differentiate itself from TiPJAR? Thanks

Hi Max, thanks for the question. Uptip is differentiated in a numbers of ways, the most important of which is our laser focus on the hospitality industry, specifically hotel and parking companies. We are scaling quickly within this segment.

Do you guys intend to expand into other industries in the future? How and how much do you guys charge?

Hi Lucas, yes we do jntend to expand into other industries, however now in our early stage we are focused on hospitality. We charge a platform fee of 8% to either customers or workers. Also we have a monthly fee for the value we offer to workplaces such as hotels.

Uptip

Uptip is reinventing tipping, driving value for service workers and customers

Pitch Video

Investor Panel

uptip.co

Reno, NV

Technology B2B Restaurant Food Tech

Highlights

Tipping is critical, driving much needed income for service workers and higher quality for customers.

Fewer people carry cash, as the economy continues to move toward electronic payments.

Uptip bridges the divide, delivering a smartphone-based tipping and service review platform.

Uptip's founders have already proven success, having built another travel technology company.

Team

Memo

We love tipping!

Tipping encourages great service and provides essential income for workers. But tipping is in jeopardy since physical cash is disappearing from our lives. Uptip is fixing that.

Giving and receiving cash tips, an $18 billion per year business in the US, is ripe for upgrade in a post-pandemic cashless world.

Tipping is facing headwinds

How many times have you been in a position where you felt obligated to give a tip but didn’t have the correct change or currency in your wallet? Odds are the person who provided the service to you got stiffed. That’s not good. According to a recent study by the Federal Reserve Bank of San Francisco, cash use in 2020 accounted for 19 percent of all payments, down seven percentage points from 2019.

Cash tipping is an island in an increasingly cashless world

Service workers are often paid minimum wage and count on tips to supplement their regular pay. Since fewer people are carrying cash, workers are seeing their tip income decline. This comes at a time when rampant inflation is taking a bite out of household budgets.

Source: 2020 Travis Credit Union Cash Survey

Here are some of the problems with cash tipping:

Tips are declining since fewer people carry cash
Workplaces, such as hotels, parking garages, salons or cafes, do not have visibility to the amount of tips given
There is often no feedback on service quality offered along with the tip
Customers do not get receipts for cash tips

Uptip's Solution

Uptip has created a frictionless, touchless, smartphone-based replacement for cash tipping.

Uptip app

Uptip features include:

Touchless smartphone-based tipping platform
Zero app onboarding via QR codes
Tip suggested or custom amount
Integrated 5-star rating system
Masked contact details for workers and customers
Secure payments via default wallet on smartphone or credit card
Reporting for workers & manager
Receipts for customers and their employers

Wanna Try?

Scan the QR code below with your smartphone's camera app. If you're on your smartphone now, click this link for the same experience: Uptip Demo.

Uptip demo: scan the QR code

Benefits

We have identifies four key stakeholders in tipping: the worker, customer, workplace and enterprise. There are benefits to using Uptip for each of these.

More tips with Uptip

Uptip is helping workers earn significantly more income, even after uptip’s fees and any additional declared taxes.

Competitive Landscape

Uptip has developed an innovative and unique product. We are keenly aware of the competitive landscape, focusing our attention where we can scale most efficiently.

Market Potential

$18.2 billion in cash tips are paid to workers in the US *
3-5 million people are in professions that regularly receive cash tips *
80 million estimates tip payers willing to use mobile app

* excludes the full-service restaurant industry

Uptip projections, by 2026

Process $920 million in tips, ~5% of the TAM
Serve a base of 10,000 SaaS subscribers
Generate $85 million in revenue

Traction

Uptip is already doing business with hotel and valet parking companies! We are live now in 8 hotels and have commitment to deploy in 84 more. Uptip launches with a major valet parking company this quarter and a casino next quarter.

Outlook

uptip is reinventing global tipping, driving innovation, convenience, service quality and transparency into the service industry
Uptip empowers workers, adding value, recognition and accountability to tipping by integrating a feedback and rating system.

uptip drives key employer metrics including staff retention, service quality and positive customer reviews.

We invite you to join Uptip's mission to empower workers and drive service quality!

Overview