A co-founder of Monzo has joined the board of听cashless tipping firm听TiPJAR.听
Gary Dolman, who stepped down from the leading digital bank in 2019, has joined the fellow London FinTech as an advisor.听
TiPJAR听co-founder James Brown, chairman Alex Moore and CEO Ben Thomas are the other figures on the start-up’s board.听
Dolman is a former PwC qualified chartered accountant and played a key role in establishing Monzo鈥檚 full banking licence, growing its customer base to its current number of five million and achieving a market valuation of 拢1.2 billion.听听
Prior to his time with Monzo, Dolman was CFO and COO for ABN AMRO Global Transaction Banking, a business with a turnover of more than 鈧�5bn handling payments across 40 countries.听
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鈥淲hen I met James, Alex and Ben and heard their story, their mission and passion for solving the problem of tipping for millions of tipped workers, I was impressed and knew this was a project I could add value to as they scale their product around the world,鈥�听he said.听
Brown听added: 鈥淕ary joining our team will help us navigate the听FinTech world and reach our potential.听听
鈥�Our ambition for听TiPJAR听is that we become the world鈥檚 leading cashless tipping solution, as each year an estimated听拢70 billion-plus听tips听are given globally to individual workers and teams.听听
鈥�TiPJAR听aims to provide technology focused on the millions of workers, performers and entertainers, helping them transition in the cashless future.鈥�听
TiPJAR听was founded to change the way tips and gratuities are handled in pubs, bars, restaurants and hotels and to do away with complex and costly tronc systems.听听
Through the听TiPJAR听platform, any tip paid by a customer 鈥榙igitally鈥� 鈥� by card or smartphone 鈥� is equivalent to cash and is wholly owned by the staff themselves, completely by-passing the business and, therefore, the need to operate a tronc.听听
Earlier this month, the platform was cleared by HMRC, which makes听TiPJAR听the only system of its kind in the UK through which staff can collect and pool 鈥榙igital鈥�, or cashless, tips.听听
Money given in tips can be available to the teams in as quickly as 20 minutes after finishing a shift.听
A growing number of operators have already made the switch to听TiPJAR, including听BrewDog, Honest Burgers, Mission Mars, Punch,听Qoot听Co, Rose Pubs and Yard Sale Pizza.听听
It is also being adopted in other industries where guests typically like to have the option to tip, such as hairdressing, beauty salons, mini-cabs, online gamers and health and fitness.听